Information related to the pension plan


The following information is related to the pension plan of King, Inc. for 2008.

Actual return on plan assets $200,000
Amortization of unrecognized net gain 82,500
Amortization of unrecognized prior service cost 150,000
Expected return on plan assets 230,000
Interest on projected benefit obligation 362,500
Service cost 800,000
Pension expense for 2008 is

A) $1,195,000.

B) $1,165,000.

C) $1,030,000.

D) $1,000,000.

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Accounting Basics: Information related to the pension plan
Reference No:- TGS095227

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