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The following data are for the pension plan for the employees of Central Company.
1/1/17 12/31/17 12/31/18
Accumulated benefit obligation $5,000,000 $5,200,000 $6,800,000
Projected benefit obligation 5,400,000 6,200,000 7,600,000
Plan assets (at fair value) 4,600,000 6,400,000 6,900,000
AOCL net loss -0- 880,000 1,100,000
Settlement rate (for year) 10% 9%
Expected rate of return (for year) 8% 7%
The amount of the expected return on pension assets in 2018 was
| | a. | $608,000.
|
| | b. | $496,000.
|
| | c. | $483,000. |
| | d. | $448,000.
|
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