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Fox Company Received the Following Reports of Its Defined Benefit

Question 66

Multiple Choice

Fox Company received the following reports of its defined benefit pension plan for the current calendar year: Fox Company received the following reports of its defined benefit pension plan for the current calendar year: -The long-term expected rate of return on plan assets is 8%. Assuming no other data are relevant, what is the pension expense for the year? A) $360,000. B) $424,000. C) $374,000. D) $384,000.
-The long-term expected rate of return on plan assets is 8%. Assuming no other data are relevant, what is the pension expense for the year?


A) $360,000.
B) $424,000.
C) $374,000.
D) $384,000.

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