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How much would be the current service cost for the year

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Reference no: EM132797762

Question - PV of benefit obligation, January 1P6,700,000PV of benefit obligation, December 317,200,000 Fair value of plan assets, January 17,500,000Fair 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 current service cost for the year?

a. P430,000

b. P193,500

c. P141,000

d. P88,500

Reference no: EM132797762

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