Ask Question
12 June, 05:14

Louie Company has a defined benefit pension plan. On December 31 (the end of the fiscal year), the company received the PBO report from the actuary. The following information was included in the report: ending PBO, $110,000; benefits paid to retirees, $10,000; interest cost, $8,000. The discount rate applied by the actuary was 8%. What was the service cost for the year?

A. $2,00


C. $18,00

D. $92,000

Answers (1)
  1. 12 June, 05:42
    B.$12,00 is the answer
Know the Answer?