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Business, 18.03.2021 01:10 hardyfombu

Pension data for David Emerson Enterprises include the following: ($ in millions)
Discount rate, 12%
Projected benefit obligation, January 1 $450
Projected benefit obligation, December 31 555
Accumulated benefit obligation, January 1 390
Accumulated benefit obligation, December 31 505
Cash contributions to pension fund, December 31 240
Benefit payments to retirees, December 31 72

Required:
Assuming no change in actuarial assumptions and estimates, determine the service cost component of pension expense for the year ended December 31.

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Pension data for David Emerson Enterprises include the following: ($ in millions)
Discount r...
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