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Multiple Choice Question 97 The following facts relate to the Ivanhoe Co. postretirement benefits plan for 2018: Service cost $ 260000 Discount rate 9% APBO,
Multiple Choice Question 97
The following facts relate to the Ivanhoe Co. postretirement benefits plan for 2018:
| Service cost | $ | 260000 | |
| Discount rate | 9% | ||
| APBO, January 1, 2018 | $ | 1590000 | |
| EPBO, January 1, 2018 | $ | 2100000 | |
| Benefit payments to employees | $ | 117000 |
The amount of postretirement expense for 2018 is
|
| $449000. |
|
| $520100. |
|
| $403100. |
|
| $260000. |
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Financial Accounting Theory
Authors: Craig Deegan
3rd Edition
0070277265, 978-0070277267
