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On January 1, Year 1, HC made amendments to its defined benefits plan,...

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Accounting

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On January 1, Year 1, HC made amendments to its defined benefits plan, resulting in $12,000,000 of past service costs. The plan has 1,000 active employees with an average expected remaining working life of 10 years. There are no retirees under the plan. What is the amount of past service costs to be amortized in Year 1 and in subsequent years under FRS? Multiple Choice $12,000,000 in Year 1 and nothing in subsequent years. $12,000 each year from Year 1 through Year 10. $12,000,000 every year from Year through year 10 $12,000 every year from Year through War 10

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