Our companys defined benefit pension plan had a pbo of


Our company's defined benefit pension plan had a PBO of $530,000 on January 1, 2013. During 2013, pension benefits paid were $80,000. The discount rate for the plan for this year was 10%. Service cost for 2013 was $160,000. Plan assets (fair value) increased during the year by $90,000. Which is the interest cost?

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Financial Accounting: Our companys defined benefit pension plan had a pbo of
Reference No:- TGS0998507

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