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The following information relates to a post-retirement benefit plan: APBO beginning, $430mn Plan assets beginning, $240mn Net post-retirement benefit gain, beginning, $33mn Amortization of net
The following information relates to a post-retirement benefit plan: |
APBO beginning, $430mn |
Plan assets beginning, $240mn |
Net post-retirement benefit gain, beginning, $33mn |
Amortization of net gain or loss is based on SL method, ten-year average remaining service period |
Prior-service cost, initial amount, recognized four years ago, $60mn |
Amortization of prior-service cost is based on SL method, ten-year average remaining service period |
Service cost, $55mn |
Discount rate, 7% |
Expected rate of return, 8% |
Actual return, $14mn |
Change in estimated life expectancy caused a gain of $21mn, year-end |
Funding contribution, $25mn |
What amount will be reported in the ending balance sheet for post-retirement benefit liability? |
A. $25.1mn |
B. $190m |
C. $240.1mn |
D. $215.1mn |
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