Business
Business, 13.12.2019 21:31, teacherpreacher

Louie company has a defined benefit pension plan. on december 31 (the end of the fiscal year), the company received the pbo report from the actuary. the following information was included in the report: ending pbo, $110,000; benefits paid to retirees, $10,000; interest cost, $8,000. the discount rate applied by the actuary was 8%. what was the service cost for the year?

a. $2,00
b.$12,00
c. $18,00
d. $92,000

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