Brenner, Inc. computes its December 31, 2020 projected benefit obligation using a 4% discount rate and its December 31, 2021 projected benefit obligation using a 5% discount rate.
a. The change in discount rate would cause an actuarial gain in 2022.
b. 2021 service cost would be computed with the 5% rate.
c. 2021 interest cost would be computed with the 4% rate.
d. The change in discount rate would cause an actuarial loss in 2021.