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The service cost component of pension expense for 2018 is $600,000 and the amortization of prior service cost due to an increase in benefits is

The service cost component of pension expense for 2018 is $600,000 and the amortization of prior service cost due to an increase in benefits is $100,000. The settlement rate is 8% and the expected rate of return is 9%. What is the amount of pension expense for 2018 ? a. $600,000 b. $660,000 c. $678,000 d. $796,000

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