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The projected benefit obligation was $90 million at the beginning of the year. Service Coast for the year was $10 million. At the end of the year benefits paid by the trustee were $6 Million. Also at the beginning of the year, the Company amended its pension plan which resulted in Prior Service Cost - OCI in the amount of $12 million. The actuary's discount rate was 5%.

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

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92803334

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