Business, 15.04.2020 23:14 valenzueladomipay09u

The following information pertains to Havana Corporation's defined benefit pension plan: ($ in thousands) 2021 2022 Beginning balances Beginning balances Projected benefit obligation $ (6,000 ) $ (6,504 ) Plan assets 5,760 6,336 Prior service cost–AOCI 600 552 Net loss–AOCI 720 786 At the end of 2021, Havana contributed $696 thousand to the pension fund and benefit payments of $624 thousand were made to retirees. The expected rate of return on plan assets was 10%, and the actuary's discount rate is 8%. There were no changes in actuarial estimates and assumptions regarding the PBO. What is the 2021 service cost for Havana's plan?A. $678 thousand
B. $594 thousand
C. $702 thousand
D. $606 thousand

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The following information pertains to Havana Corporation's defined benefit pension plan: ($ in thous...

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