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TKE Corporation established a defined benefit pension plan in 2016. TKE has provided the following information for the year ended December 31, 2018:
| | |
| Service cost | $ | 90,000 | |
| Interest cost | $ | 120,000 | |
| Actual return on plan assets | $ | 70,000 | |
| Expected return on plan assets | $ | 80,000 | |
| Amortization of prior service costs | $ | 30,000 | |
| |
The pension expense for 2018 is:
Multiple Choice
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$160,000.
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$120,000.
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$90,000.
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$170,000.
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