Question
A company's defined benefit pension plan had a PBO of $268,000 on January 1, 2016. During 2016, pension benefits paid were $41,000. The discount rate
A company's defined benefit pension plan had a PBO of $268,000 on January 1, 2016. During 2016, pension benefits paid were $41,000. The discount rate for the plan for this year was 10%. Service cost for 2016 was $90,000. Plan assets (fair value) increased during the year by $47,000. The amount of the PBO at December 31, 2016, was:
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Food And Beverage Cost Control
Authors: Jack E. Miller, Lea R. Dopson, David K. Hayes
3rd Edition
0471273546, 978-0471273547
