The following information for Monroe Enterprises is given below:
There were no actuarial gains or losses at January 1, 2008. The average remaining service life of employees is 10 years.
-What is the pension expense that Monroe Enterprises should report for 2008?
A) $86,050
B) $110,000
C) $60,000
D) $83,950

Question

The following information for Monroe Enterprises is given below:
  There were no actuarial gains or losses at January 1, 2008. The average remaining service life of employees is 10 years.
-What is the pension expense that Monroe Enterprises should report for 2008?
A) $86,050 
B) $110,000 
C) $60,000 
D) $83,950

Quizplus · Accepted Answer

$100,000 + $60,000 - $83,950 = $86,050.

The Following Information for Monroe Enterprises Is Given Below