Projected benefit obligation at year-end


The projected benefit obligation was $83 million at the beginning of the year. Service cost for the year was $12 million. At the end of the year, pension benefits paid by the trustee were $8 million and there were no pension-related other comprehensive income accounts requiring amortization. The actuary's discount rate was 3%.

What was the amount of the projected benefit obligation at year-end?

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: Projected benefit obligation at year-end
Reference No:- TGS056269

Expected delivery within 24 Hours