Question - Presented below is information related to Racing Inc. pension data for 2008
Service cost $900,000
Actual return on plan assets 210,000
Interest on projected benefit obligation 390,000
Amortization of unrecognized net loss 90,000
Amortization of unrecognized prior service cost 165,000
Expected return on plan assets 180,000
What is the amount that should be reported for pension expense in 2008?
a. $1,335,000
b. $1,155,000
c. $1,515,000
d. $1,365,000