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How should the past service cost

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Problem 1: An entity decides to improve its defined benefits scheme. The improvement will cost RM10 million. How should the past service cost of RM10 million be treated in the financial statement?

a. Charge against the retained profits.
b. Spread it over the average service life of employees
c. Charge in the current year's statement of profit or loss.
d. Ignore the past service cost.

Reference no: EM132729458

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