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The present value of vested benefits of employees at present pay levels is $7,000,000 and...

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Accounting

The present value of vested benefits of employees at present pay levels is $7,000,000 and at future pay levels is $8,000,000. The present value of non-vested benefits of employees at present pay levels is $14,000,000 and at future pay levels is $16,000,000. What is the accumulated benefit obligation of this company

a.

$7,000,000
b.

$16,000,000
c.

$8,000,000
d.

$24,000,000
e.

$21,000,00

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