If no change in actuarial estimates occurred during year 1, Ask an Expert

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The following information pertains to Seda Co.'s pension plan:

Actuarial estimate of projected benefit obligation at 1/1/Yr 1 $72,000
Assumed discount rate 10%
Service cost for Year 1 18,000
Pension benefits paid during Year 1 15,000

If no change in actuarial estimates occurred during Year 1, what was Seda's PBO at December 31, Year 1 ?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M975852

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