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The following data are availlable pertalning to Household Applance Company's retiree health care plan for 2018: Number of employees covered Years employed as of January
The following data are availlable pertalning to Household Applance Company's retiree health care plan for 2018: Number of employees covered Years employed as of January 1, 2018 Attribution period Expected postretirement benefit obligation, Jan. 1 Expected postretirement benefit obligation, Dec. 31 Interest rate Funding 2 2 [each] 25 years $70, eee $73,eee 6% none Required: 1. What Is the accumulated postretirement benefit obligation at the beginning of 2018? 2. What Is Interest cost to be Included In 2018 postretlrement benefit expense? 3. What Is service cost to be Included in 2018 postretirement benefit expense? 4. Prepare the journal entry to record the postretirement benefit expense for 2018. Complete this question by entering your answers in the tabs below. Req 1 to 3 Req 4 What is the accumulated posttretirement benefit obligation at the beginning of 2018? What is interest cost to be included in 2018 postretirement benefit expense? What is service cost to be included in 2018 postretirement benefit expense? 1Accumulated postretirement benefit obligation 2 Interest cost 3. Service cost Req 4 Req 1 to 3 Complete this question by entering your answers in the tabs below. Rea 4 Req 1 to 3 Prepare the journal entry to record the postretirement benefit expense for 2018. (If no entry is required for a particular event, select "No journal entry required" in the first account field.) Vlew transaction list Journal entry worksheet
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