The PBO was $100 million at the beginning of the year and $108 million at the end of the year. Service cost for the year was $15 million. At the end of year, there were no pension-related other comprehensive income amounts. The actuary's discount rate was 5%. What amount of the retiree benefits paid by the trustee? (Enter your answer in million, round to the nearest million, without dollar sign, ex. 123 or -123).

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The PBO was $100 million at the beginning of the year and $108 million at the end of the year. Service cost for the year was
$15 million. At the end of year, there were no pension-related other comprehensive income amounts. The actuary's discount
rate was 5%. What amount of the retiree benefits paid by the trustee? (Enter your answer in million, round to the nearest
million, without dollar sign, ex. 123 or -123).
Transcribed Image Text:The PBO was $100 million at the beginning of the year and $108 million at the end of the year. Service cost for the year was $15 million. At the end of year, there were no pension-related other comprehensive income amounts. The actuary's discount rate was 5%. What amount of the retiree benefits paid by the trustee? (Enter your answer in million, round to the nearest million, without dollar sign, ex. 123 or -123).
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