Postretirement Benefit Expense Computation Garner Inc.

(Postretirement Benefit Expense Computation) Garner Inc. provides the following information related to its postretirement benefits for the year 2010.
Accumulated postretirement benefit obligation at January 1, 2010 $710,000
Actual and expected return on plan assets 34,000
Prior service cost amortization 21,000
Discount rate 10%
Service cost 83,000
Compute postretirement benefit expense for 2010.

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  • CreatedDecember 23, 2010
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