The Accrued Obligation at the Beginning of the Year Was

question 3

Multiple Choice

The accrued obligation at the beginning of the year was $289,000 and the current service cost for the year is $92,000.Assuming an interest factor of 8%, what is the accrued obligation at the end of the year?

• A)$381,000
• B)$404,120
• C)$403,860
• D)$363,660

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