Solution-When was the employee hired

When was the employee hired

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Reference no: EM13847454

Careful Consulting Company has an unfunded postretirement benefit plan. On December 31, 2013, the following data were available concerning changes in the plan's accumulated postretirement benefit obligation with respect to one of Careful's employees:

APBO, January 1	$32,728
Interest cost ($32,728 x 8%)	2,618
Service cost: ($88,000 x 1/22)	4,000
APBO, December 31	$39,346

Required:

1) Over how many years is the expected postretirement benefit obligation being expensed?

2) What is the expected postretirement benefit obligation at the end of 2013?

3) When was the employee hired?

4) What is the expected postretirement benefit obligation at the beginning of 2013?

Reference no: EM13847454

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When was the employee hired

Reference no: EM13847454

Reference no: EM13847454

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