Question
Rosebud Corp. reported the following items in the 2019 pension footnote for its defined benefit plan. Service cost ............................................. $1,610 Benefits paid to retirees ............................
Rosebud Corp. reported the following items in the 2019 pension footnote for its defined benefit plan.
Service cost ............................................. $1,610
Benefits paid to retirees ............................ 220
Interest cost ............................................. 780
Actual returns on pension plan assets ........ 1,140
Expected returns on pension plan assets .... 1,200
Actuarial gain ........................................... 62
How much is the increase in the company's pension obligation during the year?
Select one: A. $552 B. $2,108 C. $1,308 D. $1,432
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