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The following facts relate to Janine Co. postretirement benefits plan for 2019. Service cost $68,000 Discount rate 9% APBO, January 1, 2019 $600,000 EPBO, January
The following facts relate to Janine Co. postretirement benefits plan for 2019. Service cost $68,000 Discount rate 9% APBO, January 1, 2019 $600,000 EPBO, January 1, 2019 $800,000 Benefits payments to $46,000 employees The plan is not funded and prior service costs were expensed previously. The amount of the postretirement expense for 2019 is $119,250 $122,000 $130,200 $140,000
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