Question
Lawrence Company has a defined benefit pension plan. On December 31 of the current year (the end of the fiscal year), the actuary's report to
Lawrence Company has a defined benefit pension plan. On December 31 of the current year (the end of the fiscal year), the actuary's report to the company contained the following information: Ending PBO, $115,000; benefits paid to retirees, $15,000; interest cost, $9,000. The discount rate applied be the actuary was 9%. What was service cost for the year?
| $6,000 |
| $21,000 |
| $24,000 |
| $30,000 |
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Mergers, Acquisitions, And Corporate Restructurings
Authors: Patrick A Gaughan
6th Edition
1118997549, 9781118997543
