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Question: Hukle Company has provided the following information pertaining to its postretirement plan for 2014:
Service cost $240,000
Benefit payment made at 12/31/14 110,000
Interest on accumulated Postretirementbenefit obligation 40,000
Prior service cost amortization 10,000
Required: Calculate Hukle Company's 2014 net postretirement benefit cost.
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Explain why political risk may discourage international business.
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