## Question

###### Exercise 20-22 Riverbed Co. provides the following information about its postretirement benefit plan for the year...

Exercise 20-22

Riverbed Co. provides the following information about its postretirement benefit plan for the year 2017.

Service cost | $86,700 | ||

Prior service cost amortization | 2,900 | ||

Contribution to the plan | 53,100 | ||

Actual and expected return on plan assets | 57,400 | ||

Benefits paid | 39,800 | ||

Plan assets at January 1, 2017 | 707,800 | ||

Accumulated postretirement benefit obligation at January 1, 2017 | 771,000 | ||

Accumulated OCI (PSC) at January 1, 2017 | 101,000 | Dr. | |

Discount rate | 8 | % |

Compute the postretirement benefit expense for 2017.

Postretirement benefit expense | $ |

## Answers

AnswerService cost $ 86,700 Interest on liability $ 61,680 771000*8% Actual and expected return on Plan assets -$ 57,400 Total post retirement Benefit expense $ 90,980 Please like .

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