Smith, Inc. has a pension plan with the following data available for 2018 and 2019:...
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Smith, Inc. has a pension plan with the following data available for 2018 and 2019: 2018 2019 Service cost $ 30,000 $ 34,000 Interest cost $ 18,000 $ 20,000 Actual return on plan assets $ 15,000 $ 21,600 Beginning of year plan assets $ 200,000 $ 240,000 Discount rate 8 % 8 % Expected return on plan assets 8 % 8 % Smiths pension expense for 2019 is:
Multiple Choice
A $32,400.
B $34,000.
C $34,800.
D $54,000.
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