The calculation of projected benefit obligation involves the use of both known and assumed information....
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Accounting
The calculation of projected benefit obligation involves the use of both known and assumed information. Circle whether the following items are known or assumed. Also, fill-in-the-blank for the two sentences below. PBO Information Known or Assumed (circle one) 1. Retirement Age Known / Assumed 2. Date of Death_________________ Known / Assumed 3. Pension Formula________________ Known / Assumed 4. Discount Rate________________ Known / Assumed 5. Current Salary________________ Known / Assumed 6. Future Salary Increases______________ Known / Assumed 7. Future Service Period_______________ Known / Assumed 8. Current Service Period______________ Known / Assumed Based on the lecture notes, complete the following sentences: 1. Known information will be captured in the ____________________________ component of total pension expense. 2. Assumed information will be captured in the ____________________________ component of total pension expense.
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