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What amount should be shown in orchids companys statement

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Reference no: EM132953016

Question - The following information relates to the defined retirement benefit plan of Orchids 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

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

Reference no: EM132953016

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