Question
Based on the pension data for Excelsior Enterprises information provided at the end of the year below, determine the service cost component of pension expense
Based on the pension data for Excelsior Enterprises information provided at the end of the year below, determine the service cost component of pension expense for the year ended December 31. Assume there were no changes in actuarial assumptions and estimates.
Plan assets at fair value 600,000
PBO 360,000
PBO 465,000
Contributions made 150,000
Benefit Payments made 54,000
Settlement rate 10%
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The Impact Of SOA On IT Auditing From Auditors Point Of View
Authors: Farida Chotkan
1st Edition
3843363048, 978-3843363044
