Question
The actuarial valuation report of an entity shows the following information: Present value of defined benefit obligation, Jan 1 - 340,000 Current service cost -
The actuarial valuation report of an entity shows the following information:
Present value of defined benefit obligation, Jan 1 - 340,000
Current service cost - 30,000
Discount rate - 10%
Benefits paid to retirees - 100,000
Actuarial gain - 60,000
How much is the year-end balance of the present value of defined benefit obligation? show the solution and explain.
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Cornerstones of Cost Management
Authors: Don R. Hansen, Maryanne M. Mowen
4th edition
1305970667, 978-1337514842, 1337514845, 978-1305970663
