On January Tom's Transport Company's accumulated postretirement benefit obligation was $ At the end of retiree benefits paid were $ Service cost for is $ At the end of there was no prior service cost or net gain or loss. Assumptions regarding the trend of future health care costs were revised at the end of This revision caused the actuary to revise downward the estimate of the APBO by $ The appropriate discount rate was
Required:
Determine the amount of the accumulated postretirement benefit obligation on December
Note: Amounts to be deducted should be indicated with a minus sign.
tablePostretirement Benefit Obligation,January balance in APBO,December balance in APBO,
