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Business, 05.05.2020 06:25 diemiten

A company's defined benefit pension plan had a projected benefit obligation (PBO) of $ 390 comma 000 on January 1, Year 1. During Year 1, pension benefits paid were $ 80 comma 000. The settlement rate for the plan for Year 1 was 12%. Service cost for the year was $ 92 comma 000. Plan assets (fair value) increased during the year by $50,000. What was the PBO at December 31, Year 1

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A company's defined benefit pension plan had a projected benefit obligation (PBO) of $ 390 comma 000...

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