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Blossom, Inc. sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2018. Service cost$325000 Contributions to
Blossom, Inc. sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2018.
Service cost$325000
Contributions to the plan310000
Actual return on plan assets250000
Projected benefit obligation (beginning of year)3500000
Fair value of plan assets (beginning of year)2300000
The expected return on plan assets and the settlement rate were both 10%. The amount of pension expense reported for 2018 is
$445000.
$675000.
$325000.
$265000.
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