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What amount should ostrich report as unfunded accrued

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Reference no: EM132785637

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: EM132785637

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