Fair value of plan assets relation to a defined benefit plan for the current year: Projected benefit obligation Ultimate Company provided the following information i= Problem 18-22 (IFRS) Prepaid/accrued benefit cost - surplus January 1 December 31 2,600,000 2,000,000 3,000,000 2,100,000 Asset ceiling Effect of asset ceiling 600,000 200,000 900,000 300,000 400,000 600,000. Current service cost Contribution to the plan Benefits paid Discount rate 100,000 350,000 150,000 10% 1. What is the actual return on plan assets for the curren year: a. 200,000 b. 350,000 c. 150,000 d. 260,000 2. What is the actuarial gain due to decrease in PBO? a. 50,000 b. 40,000 c. 30,000 с. d. 0. 0. What amount should be reported as employee benefit expense? a. 200,000 b. 100,000 80,000 с.

Fair value of plan assets relation to a defined benefit plan for the current year: Projected benefit obligation Ultimate Company provided the following information i= Problem 18-22 (IFRS) Prepaid/accrued benefit cost - surplus January 1 December 31 2,600,000 2,000,000 3,000,000 2,100,000 Asset ceiling Effect of asset ceiling 600,000 200,000 900,000 300,000 400,000 600,000. Current service cost Contribution to the plan Benefits paid Discount rate 100,000 350,000 150,000 10% 1. What is the actual return on plan assets for the curren year: a. 200,000 b. 350,000 c. 150,000 d. 260,000 2. What is the actuarial gain due to decrease in PBO? a. 50,000 b. 40,000 c. 30,000 с. d. 0. 0. What amount should be reported as employee benefit expense? a. 200,000 b. 100,000 80,000 с.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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