Marigold Co. provides the following information
Question # 00518743
Posted By:
Updated on: 04/28/2017 01:14 AM Due on: 04/28/2017
Exercise 20-19
Marigold Co. provides the following information about its postretirement benefit plan for the year 2017.
Service cost$ 46,500Contribution to the plan9,300Actual and expected return on plan assets9,900Benefits paid18,700Plan assets at January 1, 2017115,800Accumulated postretirement benefit obligation at January 1, 2017297,700Discount rate10%
Compute the postretirement benefit expense for 2017.
Postretirement benefit expense$
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Rating:
/5
Solution: Marigold Co. provides the following information