Question: Savon Inc., a publicly accountable entity, has a defined contribution plan. During 2020, its current service cost (CSC) was $350,000, and Savon paid this amount

Savon Inc., a publicly accountable entity, has a defined contribution plan. During 2020, its current service cost (CSC) was $350,000, and Savon paid this amount by the end of 2020.4 In 2019, Savon had amended its plan for past services. The amendment required $890,000 to be paid into the plan. Savon paid this amount in two equal instalments of $445,000 in 2019 and $445,000 in 2020. The plan amendment related to past services provided by employees in 2016, 2017, and 2018.+ What is the amount of the pension expense for 2020?+ A $350, 000+ B $528, 0004 C $795, 000+ D $1, 240, 0004
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