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4. Kate Companyr had the following balances relating to a defined benefit plan at yearend: Fair value of plan assets 3T,000,000 Projected benefit obligation 33,000,000

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4. Kate Companyr had the following balances relating to a defined benefit plan at yearend: Fair value of plan assets 3T,000,000 Projected benefit obligation 33,000,000 Asset ceiling 2,500,000 What is the prepaid benefit cost to he reported in the statement of financial position at yearend? a. 4,000,000 C. 2,500,000 13. 1,500,000 d. 0

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