Question
Question #20 The following information pertains to Hopson Co.'s pension plan: Actuarial estimate of projected benefit obligation at 1/1/18 $82,000 Assumed discount rate (Interest rate)
Question #20
The following information pertains to Hopson Co.'s pension plan:
- Actuarial estimate of projected benefit obligation at 1/1/18 $82,000
- Assumed discount rate (Interest rate) 10%
- Service costs for 2018 $23,000
- Pension benefits paid during 2018 $15,000
If no change in actuarial estimates occurred during 2018, Hopson's projected benefit obligation at December 31, 2018 was
Hopson's projected benefit obligation at December 31, 2018 was $
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Auditing and Assurance Services A Systematic Approach
Authors: William Messier, Steven Glover, Douglas Prawitt
9th edition
1308361491, 77862333, 978-1259248290, 9780077862336, 1259162346, 978-1259162343
