Business, 04.04.2020 03:59 kayelynn003
A company's defined benefit pension plan had a PBO of $274,000 on January 1, 2018. During 2018, pension benefits paid were $41,000. The discount rate for the plan for this year was 10%. Service cost for 2018 was $85,000. Plan assets (fair value) increased during the year by $52,000. The amount of the PBO at December 31, 2018, was:
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A company's defined benefit pension plan had a PBO of $274,000 on January 1, 2018. During 2018, pens...
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