The following information pertains to Seda Co's pension plan: Actuarial estimate of projected beneft obligation at January 1. 2020 $72.000 Assumed discount rate 10% Service costs for 2020 $18.000 Pension benefits paid during 2020 $15.000 If no change in actuarial estimates occurred during 2020, Seda's projected benefit obligation at December 31. 2020 was O 579.200 O S64.200

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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The following information pertains to Seda Co's pension plan:
Actuarial estimate of projected benefit obligation at January 1. 2020 $72000
Assumed discount rate
10%
Service costs for 2020
$18,000
Pension benefits paid during 2020
$15.000
If no change in actuarial estimates occurred during 2020, Seda's projected benefit obligation at December 31, 2020 was
O 79.200
O $64.200
O $82.200
O $75,000
Transcribed Image Text:The following information pertains to Seda Co's pension plan: Actuarial estimate of projected benefit obligation at January 1. 2020 $72000 Assumed discount rate 10% Service costs for 2020 $18,000 Pension benefits paid during 2020 $15.000 If no change in actuarial estimates occurred during 2020, Seda's projected benefit obligation at December 31, 2020 was O 79.200 O $64.200 O $82.200 O $75,000
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