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What is the amount of jangjorim defined benefit liability

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Problem 1: On January 1, 2020, Jangjorim Corporation adopted a defined benefit plan. The plan's service cost of P1,500,000 was fully funded at the end of 2017. Past service cost of P600,000 was funded by a contribution of P240,000 in 2020. What is the amount of Jangjorim's defined benefit liability on December 31, 2020?

Reference no: EM132715933

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