What is the service cost to be included in the current year's postretirement benefit expense?

Name: What is the service cost to be included in the current year's postretirement benefit expense?
Brand: Quizplus
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Question

Quizplus · Accepted Answer

The service cost is the cost of the benefits earned by the employees during the current year, which is $3,180 in this case. This cost needs to be included in the current year's postretirement benefit expense. None of the other options are correct as they do not represent the service cost.

What Is the Service Cost to Be Included in the Current