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What is the projected benefit obligation on December

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Reference no: EM132957510

Question - An entity provided the following information pertaining to the pension plan for the current year:

Projected benefit obligation on January 1 7,200,000

Discount rate 10%

Current service cost 1,800,000

Past service cost 1,000,000

Pension benefits paid 1,500,000

Actuarial gain 500,000

What is the projected benefit obligation on December 31?

A. 9,720,000

B. 8,720,000

C. 9,220,000

D. 8,220,000

Reference no: EM132957510

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