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Sophia company has defined benefit pension plan on december

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Sophia Company has defined benefit pension plan. On December 31(the end of the fiscal year). The company receive the PBO report from the actuary. The following information was included in the report: ending PBO , $170,000 ; benefit paid to retireees, $10,000; interest cost , $8,000. The discount rate applied by the actuary was 8%. What was the service cost for the year?

Reference no: EM13573308

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