What was seda''s pbo at december 31, year 1, Accounting Basics

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What was seda''s pbo at december 31, year 1

The following information pertains to Seda Co.'s pension plan:

Actuarial estimate of projected benefit obligation at 1/1/Yr 1 $72,000
Assumed discount rate 10%
Service cost for Year 1 18,000
Pension benefits paid during Year 1 15,000

If no change in actuarial estimates occurred during Year 1, what was Seda's PBO at December 31, Year 1 ?

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Accounting Basics: What was seda''s pbo at december 31, year 1

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Accounting Basics: What was seda''s pbo at december 31, year 1

Reference No:- TGS075852

Recent Questions Asked Accounting Basics

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