Business, 03.04.2020 21:30 madisontrosclair2

The following information pertains to Havana Corporation's defined benefit pension plan: ($ in 000s)2018 2019 Beginning balances Beginning balances Projected benefit obligation$(6,000) $(6,504) Plan assets 5,760 6,336 Prior service cost-AOCI 600 552 Net loss-AOCI 720 786 At the end of 2018, Havana contributed $696 thousand to the pension fund and benefit payments of $624 thousand were made to retirees. The expected rate of return on plan assets was 10%, and the actuary's discount rate is 8%. There were no changes in actuarial estimates and assumptions regarding the PBO. What is the 2018 service cost for Havana's plan?A. $678 thousand
B. $594 thousand
C. $702 thousand
D. $606 thousand

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The following information pertains to Havana Corporation's defined benefit pension plan: ($ in 000s)...

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