Nevada, Inc. reported the following items in the 2017 pension footnote (in millions). Service cost $1,171 Benefits
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Question:
Nevada, Inc. reported the following items in the 2017 pension footnote (in millions).
Service cost | $1,171 |
Benefits paid to retirees | 186 |
Interest cost | 930 |
Actual returns on invested assets | 1,204 |
Expected returns on invested assets | 1,358 |
Actuarial loss | 50 |
The increase in the company's pension obligation during the year is:
A. | $ 661 million | |
B. | $1,793 million | |
C. | $ 506 million | |
D. | $1,965 million | |
E. | $1,948 million |
Related Book For
Financial Accounting
ISBN: 9781618533111
6th Edition
Authors: Michelle L. Hanlon, Robert P. Magee, Glenn M. Pfeiffer, Thomas R. Dyckman
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