Solved: The discount rate applied be the actuary was 9 what was, Accounting Basics

+44 141 628 6080
[email protected]

The discount rate applied be the actuary was 9 what was

Lawrence Company has a defined benefit pension plan. On December 31 of the current year (the end of the fiscal year), the actuary's report to the company contained the following information: Ending PBO, $115,000; benefits paid to retirees, $15,000; interest cost, $9,000. The discount rate applied be the actuary was 9%. What was service cost for the year?

$6,000
$21,000
$24,000
$30,000

Solution Preview :

Prepared by a verified Expert

Accounting Basics: The discount rate applied be the actuary was 9 what was

Reference No:- TGS02553922

Now Priced at $10 (50% Discount)

Recommended (90%)

Rated (4.3/5)

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : More rain for california the changing climate will probably

question more rain for california the changing climate will probably bring more rain to california but we dont know

Q : Research the latest approaches to managing quality and

1quality management please respond to the followingresearch the latest approaches to managing quality and performance

Q : How much will common shareholders get and how much will

assignmentoverviewbefore starting on this assignment make sure to thoroughly review the required background materials

Q : You need to prepare literature review - removal of heavy

you need to prepare literature review of all these 10 articleseach article literature review should be of 300 wordsthe

Q : The discount rate applied be the actuary was 9 what was

lawrence company has a defined benefit pension plan on december 31 of the current year the end of the fiscal year the

Q : Headache relief doctors identify chronic tensiontype

question headache relief doctors identify chronic tensiontype headaches as headaches that occur almost daily for at

Q : You are the director of new business development for your

here is the scenario i need help with you are the director of new business development for your company and your vice

Q : How should hard data such as redemption rates and store

this data is useless - or is it please respond to the followingnote your initial discussion post and or replyies can

Q : What is the responsibility of christians with regards to

discussion boardafter reading the assigned bible passages synthesize these passages into a response to the following

1943307

Questions
Asked

3,689

Active Tutors

1432300

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Asked Questions

Teaching an adult client with type 1 diabetes mellitus

The nurse is teaching an adult client with type 1 diabetes mellitus about the need for eye examinations.

Outcome of the pregnancy of an adolescent client

Question: Which factor may have a permanent effect on the outcome of the pregnancy of an adolescent client?

Teaching regarding the use of oral contraceptives

Question: Which statement confirms the client understands the teaching regarding the use of oral contraceptives?

Problem concerning antibody screening test

At her first prenatal clinic visit, a primigravida has blood drawn for a rubella antibody screening test, and the results are positive.

Client has suffered a head injury

The nurse is admitting a client into the emergency room who has suffered a head injury. Which of the following assessment findings would indicate

Patient with advanced cancer has several morphine orders

A patient with advanced cancer has several morphine orders to manage pain. There is a continuous infusion ordered to run at 6 mg per hour

Client undergoes a modified radical mastectomy

A 36-year-old client undergoes a modified radical mastectomy. The nurse determines that the client understands the schedule for self-examination