Question
Seadriller, Inc. discloses the following pension-related information: PBO (end of 2020): $210,000; benefits paid (during 2020): $10,000; interest cost (during 2020): $8,000; the discount rate
Seadriller, Inc. discloses the following pension-related information: PBO (end of 2020): $210,000; benefits paid (during 2020): $10,000; interest cost (during 2020): $8,000; the discount rate applied: 8%. What was the service cost during 2020
| a. | $12,000 | |
| b. | $2,000 | |
| c. | $52,000 | |
| d. | $112,000 | |
| e. | $32,000 |
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
