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Pronghorn Inc. provides the following information related to its postretirement benefits for the year 2020. Accumulated postretirement benefit obligation at January 1, 2020 $642,600 Actual
Pronghorn Inc. provides the following information related to its postretirement benefits for the year 2020.
Accumulated postretirement benefit obligation at January 1, 2020 | $642,600 | ||
Actual and expected return on plan assets | 36,100 | ||
Prior service cost amortization | 20,100 | ||
Discount rate | 9 | % | |
Service cost | 86,900 |
Compute postretirement benefit expense for 2020.
Postretirement benefit expense= |
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