Solution-What amount should be shown in Abray Company

What amount should be shown in Abray Company statement

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Reference no: EM133106469

Question - The following information relates to the defined retirement benefit plan of Abrau Company as of December 31, 2021.

Net actuarial gain due to re-measurement of benefit obligation and plan assets taken to OCI	P123,000
Prior service cost due to amendment of plan included in retirement benefit expense	443,000
Fair value of plan assets	2,557,000
Accrued benefit obligation	2,800,000

Required - What amount should be shown in Abray Company's statement of financial position at December 31, 2021 as Prepaid or Accrued Retirement Benefit Cost?

Reference no: EM133106469

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What amount should be shown in Abray Company statement

Reference no: EM133106469

Reference no: EM133106469

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