Mars inc. has a defined benefit pension plan. on december, Ask an Expert

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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, $110,000; benefits paid to retirees, $10,000; interest cost, $7,200. The discount rate applied by the actuary was 8%. What was the beginning PBO?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M953324

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