Problem on projected benefit obligation, Accounting Basics

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Problem on projected benefit obligation

The following information pertains to Hope Co.'s pension plan: Actuarial estimate of projected benefit obligation at 1/1/11 $82,000 Assumed discount rate 10% Service costs for 2011 $18,000 Pension benefits paid during 2011 $15,000 If no change in actuarial estimates occurred during 2011, Hope's projected benefit obligation at December 31, 2011 was:

a. $79,000.

b. $90,200.

c. $93,200.

d. $108,200.

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Accounting Basics: Problem on projected benefit obligation

Reference No:- TGS039655

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Accounting Basics: Problem on projected benefit obligation

Reference No:- TGS039655

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Accounting Basics: Problem on projected benefit obligation

Reference No:- TGS039655

Recent Questions Asked Accounting Basics

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