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What is the projected benefit obligation at year- end

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Question - Aquino Corp provided the following information pertaining to a pension plan for the current year.

Actuarial value of projected benefit obligation at beginning of year 7,200,000.00

Assumed discount rate 10%

Service cost 1,500,000.00

Pension benefits paid 1,800,000.00

No change in actuarial estimate occurred during the current year. What is the projected benefit obligation at year- end?

Reference no: EM133179495

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