Question
The following facts relate to the postretirement benefits plan of Pharoah, Inc. for 2018: Service cost $800000 Discount rate 9% APBO, January 1, 2018 $
The following facts relate to the postretirement benefits plan of Pharoah, Inc. for 2018:
Service cost $800000
Discount rate 9%
APBO, January 1, 2018 $ 4180000
EPBO, January 1, 2018 $ 5000000
Average remaining service to full eligibility 20 years Average remaining service to expected retirement 25 years The amount of postretirement expense for 2018 is
A. $1343400.
B.$1250000.
C. $1385200.
D. $1176200.
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Surviving An IRS Tax Audit
Authors: Frederick W. Daily
3rd Edition
1413318649, 978-1413318647
