1. The Colorado Copper Company sponsors a defined benefit pension plan. The following information pertains to...
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1. The Colorado Copper Company sponsors a defined benefit pension plan. The following information pertains to that plan: Projected benefit obligation at Jan. 1, 2013 S144 million Service cost 2013 36 million Retiree benefits paid (end of year) 30 million Discount rate 10% No change in actuarial estimates occurred during 2013 What is the Company's projected benefit obligation at December 31, 2013? a. $164.4 million b. S158.4 million c. $150 million d. S128.4 million 1. The Colorado Copper Company sponsors a defined benefit pension plan. The following information pertains to that plan: Projected benefit obligation at Jan. 1, 2013 S144 million Service cost 2013 36 million Retiree benefits paid (end of year) 30 million Discount rate 10% No change in actuarial estimates occurred during 2013 What is the Company's projected benefit obligation at December 31, 2013? a. $164.4 million b. S158.4 million c. $150 million d. S128.4 million
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Answer The correct option is option A ie 1644million Explanat... View the full answer
Related Book For
Intermediate Accounting
ISBN: 978-0470616314
IFRS edition volume 2
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
Posted Date:
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