Business, 30.03.2021 02:20 salsa456

Pearsall 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, $113,000; benefits paid to retirees, $14,500; interest cost, $7,500. The discount rate applied by the actuary was 10%. What was the service cost for the year

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