AC311 HOMEWORK 3
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The following information pertains to Wareham Company’s pension plan:
Actuarial estimate of projected benefit obligation (PBO) at 1/1/Year 1 $10,000
Assumed discount rate 4%
Service cost for Year 1 $2,400
Pension benefits paid during Year 1 $2,100
If no change in actuarial estimates occurred during Year 1, Wareham’s PBO at December 31, Year 1, is:
12 years ago
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