What is the balance of Taya PVDBO as at December

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Question - Taya Corp. maintained a defined benefit pension plan for its employees. Tanya uses IFRS. Pertinent details for 20X6 are as follows:

Pension obligation, January 1, 20X6 $8,000,000

Current service cost - end of year $800,000

Past service cost - improved benefits - beginning of year $500,000

Pension benefits paid - end of year $600,000

Actuarial gain 4,000

Discount rate used in actuarial assumptions 4%

Required - What is the balance of Taya's PVDBO as at December 31, 20X6?

a. $9,040,000

b. $9,016,000

c. $9,068,000

d. $9,036,000

Reference no: EM132797788

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