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On January 1,2024, Ravetch Corporation's projected benefit obligation was $30 million. During 2024, pension benefits...

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Accounting

On January 1,2024, Ravetch Corporation's projected benefit obligation was $30 million. During 2024, pension benefits paid by the trustee were $4 million. Service cost for 2024 is $12 million. Pension plan assets (at fair value) increased during 2024 by $6 million as expected. At the end of 2024, there were no pension-related other comprehensive income (OCl) accounts. The actuary's discount rate was 10%.
Required:
Determine the amount of the projected benefit obligation at December 31,2024.
Note: Enter your answers in millions. Amounts to be deducted should be indicated with a minus sign.
\table[[Projected Benefit Obligation],[Beginning of 2024,],[,],[,],[,],[,],[End of 2024,$
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