Question: Pension data for David Emerson Enterprises include the following: (s in millions) 10 points $460 565 Discount rate, 10% Projected benefit obligation, January 1 Projected
Pension data for David Emerson Enterprises include the following: (s in millions) 10 points $460 565 Discount rate, 10% Projected benefit obligation, January 1 Projected benefit obligation, December 31 Accumulated benefit obligation, January 1 Accumulated benefit obligation, December 31 Cash contributions to pension fund, December 31 Benefit payments to retirees, December 31 ARO 515 250 Reference Required: Assuming no change in actuarial assumptions and estimates, determine the service cost component of pension expense for the year ended December 31 Service cost million
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