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The following data are available pertaining to Household Appliance Company's retiree health care plan for 2024: Number of employees covered Years employed as of January

The following data are available pertaining to Household Appliance Company's retiree health care plan for 2024: Number of employees covered Years employed as of January 1, 2024 Attribution period Expected postretirement benefit obligation, January 1 Expected post retirement benefit obligation, December 31 Interest rate Funding Complete this question by entering your answers in the tabs below. Req 1 to 3 Req 4 Required: 1. What is the accumulated postretirement benefit obligation at the beginning of 2024? 2. What is interest cost to be included in 2024 postretirement benefit expense? 3. What is service cost to be included in 2024 postretirement benefit expense? 4. Prepare the journal entry to record the postretirement benefit expense for 2024. 1. Accumulated postretirement benefit obligation 2. Interest cost 3. Service cost 2 3 [each] 25 years $ 50,000 $ 53,000 none
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Required: 1. What is the accumulated postretirement benefit obligation at the beginning of 2024 ? 2. What is interest cost to be included in 2024 postretirement benefit expense? 3. What is service cost to be included in 2024 postretirement benefit expense? 4. Prepare the joumal entry to record the postretirement benefit expense for 2024. Complete this question by entering your answers in the tabs below. What is the accumulated postretirement benefit obligation at the beginning of 20247 What is interest cost and service cost to be included in 2024 postretirement benefit expense

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