Hukle Company has provided the following information pertaining to its postretirement plan for 20X1: Service cost .............................................................................................
Question:
Hukle Company has provided the following information pertaining to its postretirement plan for 20X1:
Service cost ............................................................................................. $ 240,000
Benefit payment made at 12/31 ............................................................. 110,000
Interest on accumulated postretirement benefit obligation ................ 40,000
Prior service cost amortization ................................................................ 10,000
Required:
Calculate Hukle Company’s 20X1 net postretirement benefit cost.
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Related Book For
Financial Reporting And Analysis
ISBN: 9781260247848
8th Edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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