Question
Hruska Corp. provides post-employment benefits to its retirees for dental and supplementary health care. The following information relates to these benefits: Benefit obligation, 1
Hruska Corp. provides post-employment benefits to its retirees for dental and supplementary health care. The following information relates to these benefits: Benefit obligation, 1 January 20X6 $84,000 Current service cost for 20X6 23,500 SFP Accrued net OPEB liability, 1 January, 20X6 Accumulated OCI, OPEBS, 1 January 20X6, loss Fund assets, 1 January 20X6 18,500 38,000 65,500 Contributions to the benefit fund for 20X6 - paid 1 April 10,500 Benefit payments to retired employees for 20X6 evenly over year Actual return on fund assets Yield rate on long-term corporate bonds Note: The solution to this question is based on an optional spreadsheet. 19,500 700 8%
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