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What is the net remeasurement loss for the current year

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Ultimate Company provided the following information in relation to a defined benefit plan for the current year: fair value of plan assets 2,600,000 3,000,000 projected benefit obligation 2,000,000 2,100,000 prepaid/accrued benefit cost - surplus 600,000 900,000 asset ceiling 200,000 300,000 effect oof asset ceiling 400,000 600,000 current service cost 100,000 contribution to the plan 350,000 benefits paid 150,000 discount rate 10%

Problem 1. What is the actual return on plan assets for the current year?

Problem 2. What is the actuarial gain due to decrease in PBO?

Problem 3. What amount should be reported as employee benefit expense?

Problem 4. What is the net remeasurement loss for the current year?

Reference no: EM132737788

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