The Accrued Obligation at the Beginning of the Year Was

question 13

Multiple Choice

The accrued obligation at the beginning of the year was $456,000 and the current service cost for the year is $67,000.Assuming an interest factor of 6%,what is the accrued obligation at the end of the year?

• A) $523,000
• B) $389,000
• C) $550,360
• D) $554,380

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