Engleheart co. provides the following information about, Ask an Expert

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Engleheart Co. provides the following information about its postretirement benefit plan for the year 2012
Service Cost 90000
Prior Service cost amortization 3000
Contribution to the plan 56000
Actual and expected return on plan assets 62000
Benefits paid 40000
Plan assets at Jan 1 2012 710000
Accum. Postretirement benefit obligation at Jan 1 2012 760000
Accum. OCI (PSC) at jan 1 2012 100000DR
Discount rate 9%

Compute the postretirement benefit expense for 2012.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9435217

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