Hukle Company has provided the following information pertaining to its postretirement plan for 2017: Service cost $ 240,000 Benefit payment made at 12/31 110,000 Interest on accumulated postretirement benefit obligation 40,000 Prior service cost amortization 10,000 Required: Calculate Hukle Company’s 2017 net postretirement benefit cost.
Hukle Company has provided the following information pertaining to its postretirement plan for 2017: Service cost $ 240,000 Benefit payment made at 12/31 110,000 Interest on accumulated postretirement benefit obligation 40,000 Prior service cost amortization 10,000 Required: Calculate Hukle Company’s 2017 net postretirement benefit cost.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Hukle Company has provided the following information pertaining to its postretirement plan for 2017:
| Service cost | $ | 240,000 | |
| Benefit payment made at 12/31 | 110,000 | ||
| Interest on accumulated postretirement benefit obligation | 40,000 | ||
| Prior service cost amortization | 10,000 | ||
Required:
Calculate Hukle Company’s 2017 net postretirement benefit cost.
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