Question
On December 31 (the end of the fiscal year), Company received the PBO report from the actuary. The following information was included in the report:
On December 31 (the end of the fiscal year), Company received the PBO report from the actuary. The following information was included in the report: ending PBO, $114,000; benefits paid to retirees, $12,000; interest cost, $8,000. The discount rate applied by the actuary was 10%. What was the beginning PBO?
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Cost Accounting A Managerial Emphasis
Authors: Charles T. Horngren, George Foster, Srikant M. Datar, Howard D. Teall, Foster Horngren, Data Horngren
3rd Canadian Edition
0130355801, 978-0130355805
