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Defined benefit obligation, 31 December 20X1 $ 166,000 Benefits paid to retirees in 20X2 during the year 34,000 Current service cost for 20X2 8,700 Actual
Defined benefit obligation, 31 December 20X1 | $ | 166,000 | |
Benefits paid to retirees in 20X2 during the year | 34,000 | ||
Current service cost for 20X2 | 8,700 | ||
Actual return on plan assets for 20X2 | 4,000 | ||
Fair value of plan assets, 31 December 20X1 | 98,000 | ||
Funding payment 1, December 20X2 | 9,000 | ||
Past service cost from amendment dated 31 December 20X2; liability is increased because benefits were increased on a retrospective basis | 5,700 | ||
Actuarial revaluation dated 31 December 20X2; decrease to liability because of changed mortality assumptions | (4,500 | ) | |
Long-term interest rate on corporate bonds | 7 | % | |
How do I calculate defined benefit obligation for December 31, 20x2 with this information? I am having trouble
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