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School

University of Memphis *

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Course

MISC

Subject

Management

Date

Nov 24, 2024

Type

png

Pages

Uploaded by GeneralKookabura3236

X Your answer is incorrect. Pharoah Inc. has a defined-benefit pension plan covering its 248 employees. Pharoah agrees to amend its pension benefits. The prior service cost associated with the amendment is $180230. The employees are grouped according to expected years of retirement, as follows: Number of Expected Retirement Group Employees on December 31 A 32 2025 B 62 2026 C 102 2027 D 52 2028 Using the straight-line amortization over average remaining service life approach, what is the annual amount of Prior Service Cost amortization recognized in 2027? $66712 $41426 O $45058 $5632

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