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Mars Inc. has a defined benefit pension plan. On December 31 (the end of the fiscal year), the company received the PBO report from
Mars Inc. has a defined benefit pension plan. On December 31 (the end of the fiscal year), the company received the PBO report from the actuary. The following information was included in the report: ending PBO, $119,000; benefits paid to retirees, $13,000; interest cost, $8,200. The discount rate applied by the actuary was 10%. What was the beginning PBO?
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Intermediate Accounting
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
1st edition
978-0133251579, 133251578, 013216230X, 978-0134102313, 134102312, 978-0132162302
