Posted: March 6th, 2014
The projected benefit obligation was $260 million at the beginning of the year. Service cost for the year was $15 million
The projected benefit obligation was $260 million at the beginning of the year. Service cost for the year was $15 million. At the end of the year, pension benefits paid by the trustee were $11 million and there were no pension-related other comprehensive income accounts requiring amortization. The actuary’s discount rate was 5%.
What was the amount of the projected benefit obligation at year-end?
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.