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How much would be the net pension cost takes to profit

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The following information relates to the defined benefit pension plan for the BBB Company for the year ending December 31, 20x8:

Present value of benefit obligation, January 1 P6,900,000
Present value of benefit obligation, December 31 7,793,500
Fair value of plan assets, January 1 7,552,500
Fair value of plan assets, December 31 8,347,500
Employer contribution 637,500
Benefits paid to retirees 585,000
Settlement rate 10%
Ceiling - January 1 300,000

problem 1: How much would be the net pension cost takes to profit and loss for the year 20x8?

Reference no: EM132820991

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