What is the balance in Auxerre PBO at the end of the year

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Problem - Consider the following facts about Auxerre's defined benefit pension plan:

Projected benefit obligation at beginning of the year $144,000

Discount rate 10%

Service cost for the year $36,000

Pension benefits paid during the year $30,000

If there is no change in actuarial estimates for calculating the PBO, what is the balance in Auxerre's PBO at the end of the year?

Reference no: EM132965395

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