Question: Part 4 On January 1 , 2 0 2 4 , Tom's Transport Company's accumulated postretirement benefit obligation was $ 3 3 , 0 0

Part 4 On January 1,2024, Tom's Transport Company's accumulated postretirement benefit obligation was $33,000,000. At the end of 2024, retiree benefits paid were $3,800,000. Service cost for 2024 is $6,300,000. At the end of 2024, prior service net gain was estimated to be $530,000. The appropriate discount rate was 7%. Required: Determine the amount of the accumulated postretirement benefit obligation on December 31,2024.

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