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Please solve for me :) On January 1, 2024. Ravetch Corporation's projected benefit obligation was $46 milion. During 2024 , pension benefits paid by the
Please solve for me :)
On January 1, 2024. Ravetch Corporation's projected benefit obligation was $46 milion. During 2024 , pension benefits paid by the trustee were $6 milion. Service cost for 2024 is $10 million. Pension plan assets (at fair value) increased during 2024 by $8 million as expected. At the end of 2024 , there were no pension-related other comprehensive income (OCD) accounts. The actuary's discount rate was 10% Required: Determine the amount of the projected benefit obligation at December 31,2024. Note: Enter your onswers in millions rounded to 2 decimal places (i.e., 5,500,000 should be entered as 5,50). Amounts to be deducted should be indicated with a minus sign Step by Step Solution
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