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Business, 24.03.2020 00:13 darkghostmist

On January 1, 2021, Ravetch Corporation’s projected benefit obligation was $51 million. During 2021, pension benefits paid by the trustee were $7 million. Service cost for 2021 is $18 million. Pension plan assets (at fair value) increased during 2021 by $9 million as expected. At the end of 2021, there were no pension-related other comprehensive income (OCI) accounts. The actuary’s discount rate was 10%.

Determine the amount of the projected benefit obligation at December 31, 2021.

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On January 1, 2021, Ravetch Corporation’s projected benefit obligation was $51 million. During 2021,...
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