Reference no: EM133039620
Question - Fair Value of plan assets, beg 700,000PV of defined benefit obligation, beg 550,000
FV of plan asset, end 1,200,000
PV of defined benefit obligation, end 800,000
Benefits Paid 100,000
Current Service Cost 125,000
Past Service Cost 30,000
Contribution to the plan 140,000
Discount rate 10%
The asset ceiling are 100,000 and 250,000 at the beginning and end of the year respectively.
a. Compute the amount reflected in the balance sheet?
b. Compute the amount in Profit/Loss?
c. Compute the amount in Other Comprehensive Income?