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What was the service cost for the year

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Problem 1: On December 31, 2019, Tyree Corporation received the DBO report from the actuary. The following information was included in the report: ending DBO, $1,100,000; benefits paid to retirees, $100,000; interest cost accrued on the beginning DBO, $80,000. The discount rate applied by the actuary was 8%. There was no actuarial revaluation required nor any past service cost. What was the service cost for the year?

a. $20,000.
b. $920,000
c. $180,000.
d. $120,000.
e. None of the above.

Reference no: EM132972140

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