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 100,000 Actuarial gain 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 The actuarial valuation report of an entity shows the following information: Present value of defined benefit obligation, Jan. 1 280,000 Discount rate 14% Benefits paid to retirees 90,000 Actuarial gain 60,000 Present value of defined benefit obligation, Dec. 31 210,000 How much is the current service cost? a. 40,800 b. 44,800 c. 48,200 d. 79,200
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 100,000 Actuarial gain 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 The actuarial valuation report of an entity shows the following information: Present value of defined benefit obligation, Jan. 1 280,000 Discount rate 14% Benefits paid to retirees 90,000 Actuarial gain 60,000 Present value of defined benefit obligation, Dec. 31 210,000 How much is the current service cost? a. 40,800 b. 44,800 c. 48,200 d. 79,200
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
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 100,000
Actuarial gain 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
The actuarial valuation report of an entity shows the following information:
Present value of defined benefit obligation, Jan. 1 280,000
Discount rate 14%
Benefits paid to retirees 90,000
Actuarial gain 60,000
Present value of defined benefit obligation, Dec. 31 210,000
How much is the current service cost?
a. 40,800 b. 44,800 c. 48,200 d. 79,200
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