The following information pertains to Hope Co.'s pension plan: Actuarial estimate of projected benefit obligation at 1/1/11

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The following information pertains to Hope Co.'s pension plan:

Actuarial estimate of projected benefit obligation at 1/1/11 $82,000

Assumed discount rate 10% Service costs for 2011 $18,000

Pension benefits paid during 2011 $15,000

If no change in actuarial estimates occurred during 2011, Hope's projected benefit obligation at December 31, 2011 was

a. $79,000.

b. $90,200.

c. $93,200.

d. $108,200.

Related Book For answer-question

Fundamental financial accounting concepts

ISBN: 978-0078025365

8th edition

Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward

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Posted Date: Jan 18, 2021 10:59 AM

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The following information pertains to Hope Co.'s pension plan: Actuarial estimate of projected benefit obligation at 1/1/11

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Option A is correct 7... View the full answer

Fundamental financial accounting concepts

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