Pension data for Millington Enterprises include the following: Required: Assuming no change in actuarial assumptions and estimates,
Question:
Pension data for Millington Enterprises include the following:
Required:
Assuming no change in actuarial assumptions and estimates, determine the service cost component of pension expense for the year ended December31.
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(S in millions) Discount rate 10% Projected benefit obligation, January 1 Projected beneft obligation, December 31465 Accumulated benefit obligation, January 1 Accumulated benefit obligation, December 31415 Cash contributions to pension fund, December 31 Benefit pavments to retirees, December 31 S 360 300 150 54
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in millions PBO Beginning of the year 360 Service cos...View the full answer
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Related Book For
Intermediate Accounting
ISBN: 9781259722660
9th Edition
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
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