The following information pertains to Seda Company's pension plan for 2017: Actuarial estimate of projected benefit obligation
Question:
Actuarial estimate of projected benefit obligation at 1/1..........$72,000
Service cost...............................................................18,000
Pension benefits paid on 12/31.........................................15,000
Assumed discount rate.....................................................10%
Required:
If no change in actuarial estimates occurred during 2017, how much would Seda's projected benefit obligation be at December 31, 2017?
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The projected benefit obligation on 123117 is c...View the full answer
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Related Book For 
Financial Reporting and Analysis
ISBN: 978-1259722653
7th edition
Authors: Lawrence Revsine, Daniel Collins, Bruce Johnson, Fred Mittelstaedt, Leonard Soffer
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