11. The following information relates to the defined benefit pension plan for the BBB Company for the year ending December 31, 20x8: Present value of benefit obligation, January 1 Present value of benefit obligation, December 31 Fair value of plan assets, January 1 Fair value of plan assets, December 31 Employer contribution Benefits paid to retirees Settlement rate Ceiling – January 1 P6,900,000 7,793,500 7,552,500 8,347,500 637,500 585,000 10% 300,000 How much would be the net pension cost takes to profit and loss for the year 20x8?

11. The following information relates to the defined benefit pension plan for the BBB Company for the year ending December 31, 20x8: Present value of benefit obligation, January 1 Present value of benefit obligation, December 31 Fair value of plan assets, January 1 Fair value of plan assets, December 31 Employer contribution Benefits paid to retirees Settlement rate Ceiling – January 1 P6,900,000 7,793,500 7,552,500 8,347,500 637,500 585,000 10% 300,000 How much would be the net pension cost takes to profit and loss for the year 20x8?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter19: Accounting For Post Retirement Benefits

Section: Chapter Questions

Problem 4E

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