1. The actuarial valuation report of an entity shows the following information: Present value of defined benefit obligation, Jan. 1 340,000 Current service cost 30,000 Discount rate 10% Benefits paid to retirees Actuarial gain 100,000 60,000 How much is the year-end balance of the present value of defined benefit obligation? a. 210,000 b. 244,000 c. 304,000 d. 364,000
1. The actuarial valuation report of an entity shows the following information: Present value of defined benefit obligation, Jan. 1 340,000 Current service cost 30,000 Discount rate 10% Benefits paid to retirees Actuarial gain 100,000 60,000 How much is the year-end balance of the present value of defined benefit obligation? a. 210,000 b. 244,000 c. 304,000 d. 364,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![PROBLEM 6: MULTIPLE CHOICE – COMPUTATIONAL
1. The actuarial valuation report of an entity shows the following
information:
Present value of defined benefit obligation, Jan. 1
340,000
Current service cost
30,000
Discount rate
10%
Benefits paid to retirees
Actuarial gain
100,000
60,000
How much is the year-end balance of the present value of defined
benefit obligation?
a. 210,000
b. 244,000
c. 304,000
d. 364,000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa2a2946f-9d0c-4f77-8f33-5ffe457f5d9f%2F27493804-7414-4b72-9524-8aa3c24596a1%2F3uil37c_processed.jpeg&w=3840&q=75)
Transcribed Image Text:PROBLEM 6: MULTIPLE CHOICE – COMPUTATIONAL
1. The actuarial valuation report of an entity shows the following
information:
Present value of defined benefit obligation, Jan. 1
340,000
Current service cost
30,000
Discount rate
10%
Benefits paid to retirees
Actuarial gain
100,000
60,000
How much is the year-end balance of the present value of defined
benefit obligation?
a. 210,000
b. 244,000
c. 304,000
d. 364,000
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