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The information below pertains to the retiree health care plan of Thompson Technologies: ( $ in 0 0 0 s ) 2 0 2 1
The information below pertains to the retiree health care plan of Thompson Technologies:
$ in s
Beginning
Balances
Ending
Balances
Accumulated postretirement benefit obligation $ $
Plan assets
Funded status
Prior service costAOCI
Net gainAOCI
Thompson began funding the plan in with a contribution of $ to the benefit fund at the end of the year. Retirees were paid $ The actuarys discount rate is There were no changes in actuarial estimates and assumptions.
Required:
Determine the service cost for
Determine the postretirement benefit expense for
Determine the net benefit liability for
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