Question
The following information pertains to Seda Co.'s pension plan: Actuarial estimate of projected benefit obligation at January 1, 2017 $72,000 Assumed discount rate 10% Service
The following information pertains to Seda Co.'s pension plan:
Actuarial estimate of projected benefit obligation at January 1, 2017
$72,000
Assumed discount rate
10%
Service costs for 2017
$18,000
Pension benefits paid during 2017
$15,000
If no change in actuarial estimates occurred during 2017, Seda's projected benefit obligation at December 31, 2017 was
$75,000
$79,200
$82,200
$64,200
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Fundamental Accounting Principles
Authors: John J Wild, Ken Shaw
24th edition
1259916960, 978-1259916960
