Maurice Tutor

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About Maurice Tutor

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Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 2 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 20 Aug 2017 My Price 5.00

Tom's Transport Company

On January 1, 2013, Tom's Transport Company's accumulated postretirement benefit obligation was $30,000,000. At the end of 2013, retiree benefits paid were $3,500,000. Service cost for 2013 is $6,000,000. At the end of 2013, there was no prior service cost or net gain or loss. Assumptions regarding the trend of future health care costs were revised at the end of 2013. This revision caused the actuary to revise downward the estimate of the APBO by $500,000. The appropriate discount rate was 6%. Required: Determine the amount of the accumulated postretirement benefit obligation at December 31, 2013.

Answers

(5)
Status NEW Posted 20 Aug 2017 09:08 PM My Price 5.00

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