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What is the prepaid benefit cost to be reported

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Reference no: EM132969864

Problem - Orange Company had the following balances relating to a defined benefit plan on December 31, 20x1:

Fair value of plan assets P37,000,000

Projected benefit obligation 33,000,000

Asset ceiling 2,500,000

Required - What is the prepaid benefit cost to be reported in the December 31, 20x1 statement of financial position?

Reference no: EM132969864

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