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What amount should ostrich report as unfunded accrued

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Reference no: EM132737490

The following information pertains to Ostrich Company's defined benefit pension plan:

Prepaid pension cost, January 1, 2020 Php 120,000
Current Service Cost 190,000
Interest Cost 380,000
Expected return on plan assets 220,000
Amortization of unrecognized prior service cost 520,000
Employer contributions 400,000
The fair value of plan assets exceeds the accumulated benefit obligation

Problem 1: In its December 31, 2020 balance sheet, what amount should Ostrich report as unfunded accrued pension cost?

Reference no: EM132737490

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