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CHAPTER 17 (1.) The projected benefit obligation was $340 million at the beginning of the...

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Accounting

CHAPTER 17 (1.)

The projected benefit obligation was $340 million at the beginning of the year and $364 million at the end of the year. Service cost for the year was $22 million. At the end of the year, there was no prior service cost and a negligible net lossAOCI. The actuarys discount rate was 5%. What was the amount of the retiree benefits paid by the trustee?

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