If a defined contribution pension scheme provided a pension that was 6% of salary each year, the

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If a defined contribution pension scheme provided a pension that was 6% of salary each year, the company had a payroll cost of 5 million, and the company paid 200,000 in the year, what would be the income statement charge and the balance sheet liability at the year-end?

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Financial Accounting And Reporting

ISBN: 9780273708704

11th Edition

Authors: Barry Elliott, Jamie Elliott

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