Hukle Company has provided the following information pertaining to its postretirement plan for 2017: Service cost $ 240,000 Benefit payment made at 12/31 110,000 Interest on accumulated postretirement benefit obligation 40,000 Prior service cost amortization 10,000 Required: Calculate Hukle Company’s 2017 net postretirement benefit cost.
Hukle Company has provided the following information pertaining to its postretirement plan for 2017: Service cost $ 240,000 Benefit payment made at 12/31 110,000 Interest on accumulated postretirement benefit obligation 40,000 Prior service cost amortization 10,000 Required: Calculate Hukle Company’s 2017 net postretirement benefit cost.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter19: Accounting For Post Retirement Benefits
Section: Chapter Questions
Problem 11RE
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Hukle Company has provided the following information pertaining to its postretirement plan for 2017:
Service cost | $ | 240,000 | |
Benefit payment made at 12/31 | 110,000 | ||
Interest on accumulated postretirement benefit obligation | 40,000 | ||
Prior service cost amortization | 10,000 | ||
Required:
Calculate Hukle Company’s 2017 net postretirement benefit cost.
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