An entity provided the following information for the current year: Current service cost 500,000 300,000 600,000 Interest income on plan assets 350,000 Loss on plan settlement before normal retirement date 250,000 10% Past service cost during the year Interest on PBO Present value of benefit obligation settled in advance 950,000 850,000 200,000 1,500,000 1,000,000 Actual return on plan assets Actuarial loss on PBO during the year Contribution to the plan Benefits paid to retirees Discount or settlement rate What is the net remeasurement of the defined benefit plan for the current year?
An entity provided the following information for the current year: Current service cost 500,000 300,000 600,000 Interest income on plan assets 350,000 Loss on plan settlement before normal retirement date 250,000 10% Past service cost during the year Interest on PBO Present value of benefit obligation settled in advance 950,000 850,000 200,000 1,500,000 1,000,000 Actual return on plan assets Actuarial loss on PBO during the year Contribution to the plan Benefits paid to retirees Discount or settlement rate What is the net remeasurement of the defined benefit plan for the current year?
Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter9: Operating Activities
Section: Chapter Questions
Problem 13QE
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