Question
The following information pertains to Hope Co.'s pension plan: Actuarial estimate of projected benefit obligation at 1/1/11 $82,000 Assumed discount rate 10% Service costs for
The following information pertains to Hope Co.'s pension plan: Actuarial estimate of projected benefit obligation at 1/1/11 $82,000 Assumed discount rate 10% Service costs for 2011 $18,000 Pension benefits paid during 2011 $15,000 If no change in actuarial estimates occurred during 2011, Hope's projected benefit obligation at December 31, 2011 was
a. $79,000. b. $90,200. c. $93,200. d. $108,200.
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Managerial Accounting Tools for Business Decision Making
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
8th edition
978-1-119-3904, 1119392422, 111939242X, 1119390451, 978-1119392422
