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What amount should lee report as pension expense

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Reference no: EM131806431

Question - The following information pertains to Lee Corp's defined benefit pension plan for 20X8:

Service cost $160,000

Actual & expected return on plan assets 35,000

Unexpected loss on plan assets related

to a 20X8 disposal of a segment 40,000

Amortization of unrecognized prior service cost 5,000

Annual interest on pension obligation 50,000

What amount should Lee report as pension expense in its 20X8 income statement?

a. $250,000

b. $220,000

c. $210,000

d. $180,000

Reference no: EM131806431

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