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What is the fair value of the plan assets at December

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Question - Presented below is information related to Pepper Corporation's defined benefit pension plan for calendar 2020. The corporation uses IFRS.

Defined benefit obligation, Jan 1 $200,000

Fair value of plan assets, Jan 1 180,000

Current service cost 27,000

Contributions to plan 25,000

Actual return on plan assets 5%

Benefits paid to retirees 40,000

Interest (discount) rate 7%

Re-measurement loss plan assets 3,600

Required - What is the fair value of the plan assets at December 31, 2020?

Reference no: EM132560779

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