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:
A. $170,000.
B. $160,000.
C. $90,000.
D. $120,000.
Answer: B
Business
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