AC 302 Week 4 Quiz 100% Correct

AC 302 Question 2.	Question :	Presented below is information related to Jensen Inc. pension plan for 2015.

Service cost                                                                            $1,020,000
Actual return on plan assets                                                         210,000
Interest on projected benefit obligation                                           390,000
Amortization of net loss                                                                 90,000
Amortization of prior service cost due to increase in benefits           165,000
Expected return on plan assets                                                    180,000

What amount should be reported for pension expense in 2015?

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