Compute postretirement benefit


Garner Inc. provides the following information related to its postretirement benefits for the year 2012. Accumulated postretirement benefit obligation at January 1, 2012 $889,100 Actual and expected return on plan assets 36,460 Prior service cost amortization 21,000 Discount rate 10% Service cost 583,700 Compute postretirement benefit expense for 2012.

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Accounting Basics: Compute postretirement benefit
Reference No:- TGS0674177

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