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galben [10]
2 years ago
11

Pension data for David Emerson Enterprises include the following:

Business
1 answer:
iragen [17]2 years ago
7 0

Answer:

$159

Explanation:

Calculation to determine the service cost component of pension expense for the year ended December 31.

Projected benefit obligation, December 31 555

Add Benefit payments to retirees, December 31

Less Interest cost $54

(12%*450)

Less Projected benefit obligation, January 1 $450

service cost $159

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