Pension data for Matta Corporation include the following for the current calendar year:
Required: Assuming no change in actuarial assumptions and estimates, determine the service cost component of pension expense for the current year.
Discount rate, 10% |
($ in millions) |
PBO, January 1 |
$360
|
PBO, December 31 |
450 |
ABO, January 1 |
200 |
ABO, December 31 |
275 |
Cash contributions to pension fluid, December 31 |
100 |
Benefit payments to retirees, December 31 |
54 |