The following information pertains to X's defined benefit pension plan:Prepaid pension cost at the start of the yearCurrent service costInterest expense related to planActual income on plan assetsP2,00019,00038,00022,00052,00040,000Past service costCurrent year contribution3) In its current year Balance sheet, what amount should X report aspension cost?a. 45,000b. 49,000C. 67,000d. 87,000 5) How much benefit is attributed for services rendered by Mr. X?No.2, Social Security System retirement benefit is an example of athe period which the benefit is earned by the employee, rather than4) No.1, The cost of providing employee benefits should be recognized inwhen it is payable.No 2. Social Security System retirement benefit is an example of adefined benefit post employment benefit plan.a. true, trueb. true, falsec. false, trued. false, falseABC Company's defined benefit plan provides a benefit of 2% of finalsalary for each year of service. The person is payable at the age of 65 Mr.X is an employee of ABC Company. It was estimated that Mr. X finalsalary level will be P150, 000 per month./ How much benefit is attributed for services rendered by Mr. X?a. 2, 400b. 122, 400C. 28, 800d. 0benefit of P400, 000 forfitswill

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to X's defined benefit pension plan: The following Prepaid pension cost at the start of the year Current service cost Interest expense related to plan Actual income on plan assets Past service cost Current year contribution 3) In its current year Balance sheet, what amount should X report as P2,000 19,000 38,000 22,000 52,000 40,000 pension cost? a. 45,000 b. 49,000 C. 67,000 d. 87,000