The following information pertains to McDonald Co.’s defined…
The following information pertains to McDonald Co.’s defined benefit pension plan: Projected Benefit Obligation, Jan. 1 $144,000 Assumed discount rate 10% Service cost for the year $36,000 Pension benefits paid during the year $30,000 If no change in actuarial estimates occurred during the year, McDonald Co.’s PBO at December 31 was
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