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Presented below is pension information related to Baked Goods, Inc. for the year 2013.

Service cost $96,000
Interest on projected benefit obligation $64,000
Interest on vested benefits $15,000
Amortization of prior service cost due to increase in benefits $19,800
Expected return on plan assets $24,000

The amount of pension expense to be reported for 2013 is:

a) $170,800.

b) $194,800.

c) $155,800.

d) $136,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M952437

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