question archive Assume that Lakers has three players participating in its defined benefit pension plan
Assume that Lakers has three players participating in its defined benefit pension plan
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Assume that Lakers has three players participating in its defined benefit pension plan. Expected years of future service for these players at the beginning of 2020 are as follows. Player Future Years of Service James 3 Davis 4 Rondo 5 On January 1, 2020, Lakers amended its pension plan, increasing its projected benefit obligation by $72,0001 Amount of prior service cost amortization for the years 2024 using the years-of-service method is Select one: O a. 12,000 O b. 7,200 O c. 18,000 O d. 6,000 CH16
