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Calculate the total prior service cost using the following information. Write your answer on the cover sheet. $ 145,000 FACTS: he company has a defined
Calculate the total prior service cost using the following information. Write your answer on the cover sheet. $ 145,000 FACTS: "he company has a defined benefit plan jeth's salary at the end of 2017 Retirement expected after Retirement period is expected to be nterest Rate 45 years of service years 20 4.0% years Benefits are calculated as a formula as the product of: service already provided 'ercentage inal year's salary is projected to be 15 2.0% 263,000 $ FTER THE PLAN IS INITALLY ADOPTED A CHANGE IS MADE TO THE BENEFITS CALCULATION AS FOLLOWS: Changed from 2.0% previously 2.5% 2017 'ercentage of service yrs. & salary Change made at the beginning of
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