What Is the Service Cost to Be Included in the Current

question 76

Multiple Choice

What is the service cost to be included in the current year's postretirement benefit expense?

• A)$3,000.
• B)$3,180.
• C)$3,200.
• D)$4,000.$63,600 1/20 = $3,180

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Definitions:

Sole Proprietorships

Businesses owned and operated by one individual; the most common form of business organization in the United States.

S Corporation

A corporation taxed as though it were a partnership with restrictions on shareholders.