Current Service Cost for a Defined Benefit Pension Plan Amounted

Current service cost for a defined benefit pension plan amounted to $1,000,000. Expected income on the pension plan's assets amounted to $7,500,000, while actual income was $7,800,000. The interest on the pension obligation was $9,000,000, which matched the actuarial estimates. No past service costs arose during the year. Given this information the pension expense for the year was:

A) $500,000
B) $2,200,000
C) $2,500,000
D) $1,000,000

Correct Answer:

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