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On January 1, 2018, Sandhill Co. has the following balances: Projected benefit obligation $ 5200000 Fair value of plan assets

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Answer #1
Opening projected benefit obligation (PBO) $5,200,000
Service cost $316,000
Interest cost (5200000*9%) $468,000
benefits paid -331000
Closing projected benefit obligation $5,653,000
Ans option A $5,653,000
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