Pension data for millington enterprises include the following: ($ in millions) discount rate, 10% projected benefit obligation, january 1 $ 450 projected benefit obligation, december 31 550 accumulated benefit obligation, january 1 385 accumulated benefit obligation, december 31 500 cash contributions to pension fund, december 31 235 benefit payments to retirees, december 31 71 required: assuming no change in actuarial assumptions and estimates, determine the service cost component of pension expense for the year ended december 31.
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Pension data for millington enterprises include the following: ($ in millions) discount rate, 10% p...
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