Redman Corporation Is a Publicly Held Company That Supplies Tourniquets

Multiple Choice

Redman Corporation is a publicly held company that supplies tourniquets to medical emergency centers.The company maintains a noncontributory defined benefit pension plan for its employees.The Redman's actuary has provided the following information for the year ended December 31,2014: Prior contributions to the defined benefit pension plan equaled the amount of net periodic pension cost accrued for the previous year end.If no contributions have been made for 2014 pension cost,what amount should Redman report in its December 31,2014,balance sheet for accrued pension cost?

A) $218,000
B) $242,000
C) $324,000
D) $406,000