Use the Following Information for Questions

question 56

Multiple Choice

Use the following information for questions.
On January 1, 2011, Parks Co.has the following balances:

The discount rate is 10%.Other data related to the pension plan for 2011 are:

-The balance of the defined benefit obligation at December 31, 2011 is

• A)$4,572,000.
• B)$4,590,000.
• C)$4,629,000.
• D)$4,635,000.

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Definitions:

Charge

In a physical context, it refers to an object having an excess or deficiency of electrons, resulting in a positive or negative electrical state.

Long-Standing Patients

Patients who have been under the care of a healthcare provider or within a healthcare system for an extended period.

Account Type

A classification that defines the nature and features of a financial account, such as checking, savings, or investment accounts.

Practitioner

A professional engaged in the practice of a particular occupation or profession, often in healthcare.