The Heinline Company has maintained a defined-benefit pension plan for its employees for a number of years. At the end of the most recent year, the following information was available:
–Service cost $285,000
–Expected return on plan assets 59,000
–Actual return on plan assets 52,000
–Plan assets 600,000
–Projected benefit obligation 700,000
–Funding 220,000
–Interest on projected benefit obligation 65,000
–Amortization of prior service cost (created
when a contractual provision was amended
which reduced the projected
benefit obligation) 25,000
What should be reported as the pension expense for the year?
A Less than $270,000
B Between $269,999 and $280,000
C Between $279,999 and $290,000
D More than $290,99
BEC Passed
FAR Passed
AUD Passed
REG Passed
.