What the projected benefit obligation at December

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Problem - On January 1, 20X4, the projected benefit obligation for Reason Corporation was $440,000. The settlement (discount) rate on the pension is 12 percent. Pension benefits paid to retirees totaled $60,000. Service costs for 20X4 amounted to $148,000. The fair value of the plan assets were $350,000 and $400,000 on December 31, 20X3, and December 31, 20X4, respectively. What the projected benefit obligation at December 31, 20X4?

Reference no: EM132939386

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