Marjorie, Inc.'s records contained the following data as of December 31, 2016, on its OPEB plan: 
Required:
a. Compute the OPEB expense for 2016.
b. Prepare the journal entry to record the 2016 OPEB expense.
Definitions:
Shareholder Proxies
Legal authorizations granted by shareholders for someone else, often a board member, to vote on their behalf at company meetings.
Articles Or Bylaws
Written rules and regulations governing the structure and operations of a corporation or organization.
Access Corporation's Books
The right or ability to examine the financial records of a company.
Confidential Corporate Information
Confidential corporate information encompasses all non-public data, trade secrets, strategies, and details about a corporation's operations, financials, and plans that are protected to maintain competitiveness.
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