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Kraft, Inc. sponsors a defined benefit pension plan. The following data relates to the operation of the plan for the year 2026: Service cost
Kraft, Inc. sponsors a defined benefit pension plan. The following data relates to the operation of the plan for the year 2026: Service cost $ 345,000 Contributions to the plan 330,000 Actual return on plan assets 270,000 Projected benefit obligation (beginning of year) 3,600,000 Fair value of plan assets (beginning of year) 2,400,000 Settlement rate 10% If the actual return equals the expected return on plan assets, the amount of pension expense reported for 2026 is $345,000. O $435,000. $465,000. O $705,000.
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