Defined contribution plan for its employees

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Reference no: EM131211566

Mandarin Inc.has defined contribution plan for its employees. During 2015,the expected return on plan assets was $34,000 whereas the actual return on plan assets was $37,000. While computing pension expense for the year 2015,Mandarin should

Deduct actual return of $37,000from pension expense

Add expected return of $34,000 to pension expense

Deduct actual return of $37,000from pension expense and deducted $3,000 unexpected loss from pension expense

Deduct actual return of $37,000 from pension expense and add $3,000 unexpected gain.

Reference no: EM131211566

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