Mars Inc. has a defined benefit pension plan. On December 31 (the end of the fiscal year), the company received the PBO ...
Get help with any kind of assignment - from a high school essay to a PhD dissertation
Get help with any kind of assignment - from a high school essay to a PhD dissertation
Mars Inc. has a defined benefit pension plan. On December 31 (the end of the fiscal year), the company received the PBO report from the actuary. The following information was included in the report: ending PBO, $112,000; benefits paid to retirees, $12,000; interest cost, $8,300. The discount rate applied by the actuary was 10%. What was the beginning PBO? |