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The projected benefit obligation was $400 million at the beginning of the year. Service cost for the year was $22 million. At the end of
The projected benefit obligation was $400 million at the beginning of the year. Service cost for the year was $22 million. At the end of the year, pension benefits paid by the trustee were $18 million and there were no pension-related other comprehensive income accounts. The actuarys discount rate was 5%. What was the amount of the projected benefit obligation at year-end?
The projected benefit obligation was $400 million at the beginning of the year. Service cost for the year was $22 million. At the end of he year, pension benefits paid by the trustee were $18 million and there were no pension-related other comprehensive income accounts. The actuary's discount rate was 5%. What was the amount of the projected benefit obligation at year-endStep by Step Solution
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