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TKE Corporation established a defined benefit pension plan in 2016. TKE has provided the following information for the year ended December 31, 2018: Service cost

TKE Corporation established a defined benefit pension plan in 2016. TKE has provided the following information for the year ended December 31, 2018:

Service cost $ 90,000
Interest cost $ 120,000
Actual return on plan assets $ 70,000
Expected return on plan assets $ 80,000
Amortization of prior service costs $ 30,000

The pension expense for 2018 is:

Multiple Choice

  • $160,000.

  • $120,000.

  • $90,000.

  • $170,000.

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