ment CALCULATOR FULL SCREEN RINTER VERSION 4 BACK NEXT Exercise 20-19 Shamrock C

Question

ment CALCULATOR FULL SCREEN RINTER VERSION 4 BACK NEXT Exercise 20-19 Shamrock Co. provides the following information about its postretirement benefit plan for the year 2017 Service cost Contribution to the plan Actual and expected return on plan assets Benefits paid Plan assets at lanuary 1, 2017 Accumulated postretirement benefit obligation at January 1, 2017 42,100 10,500 10,700 0,800 108,400 330,400 10% Compute the postretirement benefit expense for 201 Postretirement benefit expense Question Attempts: 0 of 3 use SAVE FOR LATER SUBMIT ANSWER

Explanation / Answer

Service cost $42,100 Interest on the liability (10% x $330,400) $33,040 Actual and expected return on plan assets ($10,700) Postretirement expense $64,440

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