Question
Ivanhoe, Inc. sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2021. Service cost Contributions
Ivanhoe, Inc. sponsors a defined-benefit pension plan. The following data relates to the operation of the plan for the year 2021. Service cost Contributions to the plan $ 245000 230000 Actual return on plan assets 170000 Projected benefit obligation (beginning of year) 3100000 Fair value of plan assets (beginning of year) 1900000 The expected return on plan assets and the settlement rate were both 9%. The amount of pension expense reported for 2021 is O $245000. O $197000. $353000 O $524000
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