Solution-How much is the current service cost

How much is the current service cost

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Reference no: EM132799923

Question - The actuarial valuation report of an entity shows the following information:

Present value of defined benefit obligation, Jan 1 - 280,000

Discount rate - 14%

Benefits paid to retirees - 90,000

Actuarial gain - 60,000

Present value of defined benefit obligation, Dec. 31 - 210,000

Required - How much is the current service cost? Show the solution and explain.

Reference no: EM132799923

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How much is the current service cost

Reference no: EM132799923

Reference no: EM132799923

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