Question
On January 1, 2021, a company had the following balances: Projected benefit obligation $8,500 Fair value of plan assets 5,600 Other data related to the
On January 1, 2021, a company had the following balances:
Projected benefit obligation $8,500
Fair value of plan assets 5,600
Other data related to the pension plan for 2021:
Service cost 562
Interest cost 337
Contributions to the plan 428
Benefits paid 288
Decrease in projected benefit obligation
due to changes in actuarial assumptions 244
Actual return on plan assets 178
How much is the projected benefit obligation on December 31, 2021?
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Accounting Reform In Transition And Developing Economies
Authors: Robert W. McGee
1st Edition
0387257071, 9780387257075
