Business, 22.04.2020 05:05 itscheesycheedar

Louie Company has a defined benefit pension plan. On December 31 (the end of the fiscal year), the company received the PBO report from the actuary. The following information was included in the report: ending PBO, $117,000; benefits paid to retirees, $10,000; interest cost, $8,500. The discount rate applied by the actuary was 10%. What was the service cost for the year?

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Louie Company has a defined benefit pension plan. On December 31 (the end of the fiscal year), the c...

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