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9. Given the following information below, calculate the: (10 marks) opening DBO $ 2,000,000 Current service cost $ 100,000 Past service $ 50,000 Opening DBA
9. Given the following information below, calculate the: (10 marks) opening DBO $ 2,000,000 Current service cost $ 100,000 Past service $ 50,000 Opening DBA $ 1,500,000 Contribution $ 125,000 Interest revenue $ 200,000 Interest expense 6% Benefits paid 150,000 a) Defined Benefit Obligation as at Dec 31, 201X, b) Defined Benefit Asset as at Dec 31, 201X, then c) the ending NET Defined Benefit Obligation, Asset at year end; detail each item contributing to the increase or decrease. d) Record both journal entries to reflect obligation/asset changes during the year. 10. For question 16 above, define/explain each component used in your calculations above
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