The PBO was $100 million at the beginning of the year and $108 million at the end of the year. Service cost for the year was $15 million. At the end of year, there were no pension-related other comprehensive income amounts. The actuary's discount rate was 5%. What amount of the retiree benefits paid by the trustee? (Enter your answer in million, round to the nearest million, without dollar sign, ex. 123 or -123).
The PBO was $100 million at the beginning of the year and $108 million at the end of the year. Service cost for the year was $15 million. At the end of year, there were no pension-related other comprehensive income amounts. The actuary's discount rate was 5%. What amount of the retiree benefits paid by the trustee? (Enter your answer in million, round to the nearest million, without dollar sign, ex. 123 or -123).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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The PBO was $100 million at the beginning of the year and $108 million at the end of the year. Service cost for the year was $15 million. At the end of year, there were no pension-related other comprehensive income amounts. The actuary's discount rate was 5%. What amount of the retiree benefits paid by the trustee? (Enter your answer in million, round to the nearest million, without dollar sign, ex. 123 or -123).
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