Rosebud Corp. reported the following items in the 2016 pension footnote.
How much is the increase in the company's pension obligation during the year?
A) $1,308
B) $1,432
C) $ 552
D) $2,108

Question

Rosebud Corp. reported the following items in the 2016 pension footnote.
 How much is the increase in the company's pension obligation during the year?
A) $1,308 
B) $1,432 
C) $ 552 
D) $2,108

Quizplus · Accepted Answer

Pension obligation increase: Service cost + Interest cost - Actuarial gain - Benefits paid to retirees = $1,610 + $780 ? $62 ? $220 = $2,108