There are multiple questions. As per HOMEWORKLIB POLICY, only 1 question should be solved. Here comes the solution for the first question:
Solution 1:
Post-retirement benefit obligation |
Opening balance | 160 |
Current service Cost | 6 |
Interest cost @5% on 160 | 8 |
Benefits paid | (2) |
total of above | 172 |
Closing balance | 165 |
Actuarial loss | 7 |
Solution 2:
Fair Value assets | |
Opening balance | 1,800 |
Contribution during the year | 44 |
Benefits paid | (40) |
total of above | 1,804 |
Closing balance | 1,894 |
Interest received | 90 |
% return- 90/1800 | 5% |
The projected benefit obligation was $160 million at the beginning of the year and $165 million at the end of the yea...
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