The projected benefit obligation was $440 million at the beginning of the year and $472...
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Accounting
The projected benefit obligation was $440 million at the beginning of the year and $472 million at the end of the year. At the end of the year, pension benefits paid by the trustee were $20 million and there were no pension-related other comprehensive income accounts. The actuarys discount rate was 5%. What was the amount of the service cost for the year?
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