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What is the re-measurement gain or loss attributable

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Question - On December 31, 2020, Veronica Company reported fair value of plan assets P9,000,000 and projected benefit obligation P9,400,000. On December 31, 20221, the entity reported fair value of plan assets P9,900,000 and projected benefit obligation P11,100,000. During 2021, contribution was P1,260,000 and benefits paid were P1,125,000. The discount rate for 2020 and 2021 were 10% and 9% respectively.

Required - What is the re-measurement gain or loss attributable to plan assets for 2021? Indicate whether GAIN or LOSS.

Reference no: EM133165201

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