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Information regarding the defined-beneft pension plan of Hoover Transport included the following for 2021 ($ in millions): Service cost, $60; Interest cost $12; Actual retum
Information regarding the defined-beneft pension plan of Hoover Transport included the following for 2021 ($ in millions): Service cost, $60; Interest cost $12; Actual retum on plan assets, $28; Expected retum
on plan assets, $26; Amortization of net gain- AOCI, $3; Amortization of prior service cost- AOCI, $5; Retiree benefits paid (end of year). $72. What is Hoover' pension expense for 2021?
Choices:
$24 million
$46 million
$48 million
$54 million
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