The following information pertains to Seda Companys pension plan for 20X1: Actuarial estimate of projected benefit obligation

Question:

The following information pertains to Seda Company’s pension plan for 20X1:

Actuarial estimate of projected benefit obligation at 1/1 ........... $ 72,000
Service cost .......................................................................................... 18,000
Pension benefits paid on 12/31 ........................................................ 15,000
Assumed discount rate .......................................................................... 10%


Required:

If no change in actuarial estimates occurred during 20X1, how much would Seda’s projected benefit obligation be at December 31, 20X1?

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Related Book For  book-img-for-question

Financial Reporting And Analysis

ISBN: 9781260247848

8th Edition

Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer

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