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On January 1, 2013, Burleson Corporations projected benefit obligation was $30 million. During 2013 pension benefits paid by the trustee were $4 million. Service cost
On January 1, 2013, Burleson Corporations projected benefit obligation was $30 million. During 2013 pension benefits paid by the trustee were $4 million. Service cost for 2013 is $12 million. Pension plan assets (at fair value) increased during 2013 by $6 million as expected. At the end of 2013, there was no prior service cost and a negligible balance in net lossAOCI. The actuarys discount rate was 10%. Required: Determine the amount of the
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