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How much would be the actual return on plant assets

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Reference no: EM132799110

Question - The following information relates to the defined benefit pension for the Milan Company for the year ending December 31, 2014:

PV of benefit obligation, January 1 P6,700,000

PV of benefit obligation, December 317,200,000

Fair value of plan assets, January 17,500,000

Fair value of plan assets, December 317,900,000

Expected return on plan assets 675,000

Amortization of deferred gain 48,750

Employer contribution 300,000

Benefits paid to retirees 600,000

Settlement rate 10%

How much would be the actual return on plant assets?

a. P795,000

b. P755,250

c. P700,000

d. P157,500

Reference no: EM132799110

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