At the beginning of the current year, the memorandum records of Rodica Companys defined benefit plan showed the following:

Fair value of plan assets 7,500,000

Defined benefit obligation (11,000,000)

Prepaid/accrued pension expense ( 3,500,000)

The entity determined that is current service cost was P1,000,000 and the interest cost is 10%. The expected return on plan assets was 12% but the actual return during the year was 8%. Other related information at the end of the year:

Contribution to the plan 1,200,000

Benefits paid to retirees 1,500,000

Decrease in defined benefit obligation due to changes in actuarial assumptions 200,000

93) Calculate the amount that the entity would recognized in profit or loss for the year in accordance with the revise PAS 19R

A . 1,350,000 B. 1,200,000 C. 1,100,000 D. 1,000,000

94) Calculate the net amount that the entity would recognize in OCI for the year in accordance with the revised PAS 19R

A . 200,00 gain B. 200,000 loss C. 50,000 gain D. 50,000 loss

95) Calculate the amount to be recognized in the statement of financial position at the end of the current year in accordance with the revised PAS 19R

A 4,000,000 B. 3,650,000 C. 3,600,000 D. 3,500,000 .

96) The fair value of plan assets at the end of the current year is

A . 8,700,000 B. 8,250,000 C. 7,950,000 D. 7,800,000

97) The defined benefit obligation at the end of the current year is

A . 11,800,000 B. 11,600,000 C. 11,400,000 D. 10,500,000