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What amount should reported as projected benefit obligation

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Question - Seda Company provided the following information related to pension plan:

Actuarial estimate of projected benefit obligation at 1/1/2020 72,000

Assumed discount rate 10%

Service cost of 2020 18,000

Pension benefit paid during 2020 15,000

No change in actuarial estimates occurred during 2020. What amount should be reported as projected benefit obligation on December 31, 2020?

Reference no: EM133175618

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