Benefit obligation, 1 January 20X6 Current service cost for 20X6 SFP Accrued net OPEB liability, 1 January, 20X6 Accumulated OCI, OPEBS, 1 January 20X6, loss Fund assets, 1 January 20X6 Contributions to the benefit fund for 20X6 - paid 1 April Benefit payments to retired employees for 20X6 evenly over year $ 77,000 20,000 15,000 31,000 62,000 9,800 16,000
Benefit obligation, 1 January 20X6 Current service cost for 20X6 SFP Accrued net OPEB liability, 1 January, 20X6 Accumulated OCI, OPEBS, 1 January 20X6, loss Fund assets, 1 January 20X6 Contributions to the benefit fund for 20X6 - paid 1 April Benefit payments to retired employees for 20X6 evenly over year $ 77,000 20,000 15,000 31,000 62,000 9,800 16,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Benefit obligation, 1 January 20X6
Current service cost for 20X6
SFP Accrued net OPEB liability, 1 January, 20X6
Accumulated OCI, OPEBS, 1 January 20X6, loss
Fund assets, 1 January 20X6
Contributions to the benefit fund for 20X6-paid 1 April
Benefit payments to retired employees for 20X6 evenly over year
Actual return on fund assets
Yield rate on long-term corporate bonds
$ 77,000
20,000
15,000
31,000
62,000
9,800
16,000
350
7
%
With this information, how would i calculate projected obligation? OPEB expense? Net OPEB? Accumulate OCI OPEB?
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