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Find the fair value of the plan assets at December

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Reference no: EM132843562

Question - Presented below is information related to Blue Berry Corporation's defined benefit pension plan for calendar 2020. The corporation uses IFRS.

Defined benefit obligation, Jan 1 $200,000

Fair value of plan assets, Jan 1 180,000

Current service cost 27,000

Contributions to plan 25,000

Actual and expected return on plan assets 9,000

Benefits paid to retirees 40,000

Interest (discount) rate 10%

Required - Find the fair value of the plan assets at December 31, 2020?

1. $187,000.

2. $174,000.

3. $165,000.

4. $149,000.

Reference no: EM132843562

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