Skipped Measuring the Pension Obligation eBcok The Projected Benefits Obligation Changes as a Result of Cause Effect Frequency Service cost +Each period Each period (except the first period of the plan, when no obligation exists to accrue interest) References Not recognized as liability in company's balance sheet Project benefit Lishility nevertheless 1x Knowledge Check 01 Triblock Industries has a defined benefit pension plan. Using a discount rate of 6%, the actuary estimated the company's projected benefit obligation (PBO) to be $278,343 and $309,796 at the beginning and end of the current year, respectively. The pension plan has not been amended and there were no revisions to the estimates used to derive the PBO. What portion of the current year's increase in the PBO is attributable to service (that is, the service cost component of pension cost) during the current year? ervice cost