Gthe information below pertains to the retiree health care plan of thompson technologies: ($ in 000s) 2018 beginning balances 2018 ending balances accumulated postretirement benefit obligation $ 560 $ 585 plan assets 0 75 funded status (560 ) (510 ) prior service cost–aoci 195 158 net gain–aoci (65 ) (64 ) thompson began funding the plan in 2018 with a contribution of $142,000 to the benefit fund at the end of the year. retirees were paid $53,000. the actuary’s discount rate is 5%. there were no changes in actuarial estimates and assumptions.

required:

1. determine the service cost for 2018.

2. determine the postretirement benefit expense for 2018.

3. determine the net benefit liability for 2018.

net worth is the difference between what you own and what you have. if you exceed your liabilities you have a positive net worth. if your liabilities are greater than your assets you have a negative net worth. its a snapshot of your financial situation. if you calculate your net worth you will see the end result of everything you've earned and spent as of now. net worth statements and all you asked of can you determine where you are, how to get where you want to be, if your spending   to much. honestly it can tell you a lot of things. i can go on, but you can paint the picture from here.

explanation:

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answer; consideration;