The following data pertains to Havana’s Pension plan: Beginning balance of PBO $6,000, ending balance of...
The following data pertains to Havana’s Pension plan: Beginning balance of PBO $6,000, ending balance of PBO $6,654, discount rate used 5%. New Loss to PBO during the year due to change in assumptions is $150. There were no plan amendments this year. Retirees were paid $50 at the end of the year. Havana contributed $54 to the plan at the end of the year. What is the service cost for Havana’s plan?
A. $454.
B. $300.
C. $254.
D. $200.
E. Cannot be determined from the data available.
Homework Answers
Answer : C ( $ 254 )
EXPLANATION IS GIVEN BELOW
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The following data pertains to Havana’s Pension plan: Beginning
balance of PBO $6,000, ending balance of...
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