The retirement benefits paid during the year were closest to: A. 280. B. 3,000. C. 4,000. XYZ
Question:
The retirement benefits paid during the year were closest to:
A. 280.
B. 3,000.
C. 4,000.
XYZ SA, a hypothetical company, offers its employees a defined benefit pension plan. Information on XYZ’s retirement plans is presented in Exhibit 2. It also grants stock options to executives. Exhibit 3 contains information on the volatility assumptions used to value stock options.
Transcribed Image Text:
EXHIBIT 2 XYZ SA Retirement Plan Information 2009 Employer contributions Current service costs Past service costs Discount rate used to estimate plan liabilities Benefit obligation at beginning of year Benefit obligation at end of year Actuarial loss due to increase in plan obligation 1,000 200 120 7.00% 42,000 41,720 460
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Related Book For
International Financial Statement Analysis CFA Institute Investment Series
ISBN: 9780470287668
1st Edition
Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie
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