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Cullumber Corp. reports the following information (in hundreds of thousands of dollars) to you about its defined benefit pension plan for 2020: Actual return on
Cullumber Corp. reports the following information (in hundreds of thousands of dollars) to you about its defined benefit pension plan for 2020:
Actual return on plan assets | $12 | Current service cost | $28 | |||
Benefits paid to retirees | 7 | Interest cost | 9 | |||
Contributions from employer | 21 | Opening balance, defined benefit obligation (DBO) | 92 | |||
Cost of plan amendment in year | 11 | Opening balance, plan assets | 99 |
Provide a continuity schedule for the DBO for the year. Cullumber follows IFRS.
Cullumber Corp. Continuity Schedule 2020 $ $Step by Step Solution
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