Penslon data for David Emerson Enterprises Include the following: ($ in millions) Discount rate, 8% Projected...
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Penslon data for David Emerson Enterprises Include the following: ($ in millions) Discount rate, 8% Projected benefit obligation, January 1 Projected benefit obligation, December 31 Accumulated benefit obligation, January 1 Accumulated benefit obligation, Decenber 31 Cash contributions to pension fund, Decenber 31 Benefit paynents to retirees, December 31 $408 560 395 510 245 73 Requlred: Assuming no change in actuarlal assumptions and estimates, determine the service cost component of penslon expense for the year ended December 31. Service cost million Penslon data for David Emerson Enterprises Include the following: ($ in millions) Discount rate, 8% Projected benefit obligation, January 1 Projected benefit obligation, December 31 Accumulated benefit obligation, January 1 Accumulated benefit obligation, Decenber 31 Cash contributions to pension fund, Decenber 31 Benefit paynents to retirees, December 31 $408 560 395 510 245 73 Requlred: Assuming no change in actuarlal assumptions and estimates, determine the service cost component of penslon expense for the year ended December 31. Service cost million
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Related Book For
Intermediate Accounting
ISBN: 978-1260481952
10th edition
Authors: J. David Spiceland, James Sepe , Mark Nelson, Wayne Thomas
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