Panther Products sponsors a defined benefit pension plan. The following information pertains to that plan:
Service cost for 2007
Actual and expected return on plan assets for 2007
2000 amortization of unrecognized prior service cost
Interest on pension obligation for 2007
Retiree benefits paid during 2007
The pension expense that Panther should report in its 2007 income statement is:
(A) $510 million
(B) $540 million
(C) $630 million
(D) $750 million
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