80.2K
Verified Solution
Link Copied!
The following information pertains to Hopson Co.'s pension plan:
Actuarial estimate of projected benefit obligation at 1/1/18 $82,000
Assumed discount rate 10%
service costs for 2018 $23,000
Pension benefits paid during 2018 $15,000
If no change in actuarial estimates occurred during 2018, Hopson's projected benefit obligation at December 31, 2018 was:
a. $113,200
b. $90,000
c. $98,200
d. $90,200
Please show work!
Answer & Explanation
Solved by verified expert
