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On on January 1, 2018, Burleson corporation's projected benefit obligation was 50 million dollars. During 2018 pension benefits paid by the trustee...
On on January 1, 2018, Burleson corporation's projected benefit obligation was 50 million dollars. During 2018 pension benefits paid by the trustee were 5 million dollars. Service cost for 2018 is 12 million dollars. Pension Plan assets at fair value increased during 2018 by 7 million dollars as expected. At the end of 2018, there was no prior service cost and a negligible balance and net loss-AOCI. The actuary's discount rate was 10%.
1. Determine the amount of the projected benefit obligation at December 31st 2018. Enter your answers in millions rounded to two decimal places. Amounts to be deducted should be indicated with a minus sign.
