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For the current year, Casimira Travel Agency provided the following information relating to the retirement plan: Defined benefit obligation, January 1 P7,200,000 Current Service Cost

For the current year, Casimira Travel Agency provided the following information relating to the retirement plan:

Defined benefit obligation, January 1 P7,200,000

Current Service Cost 1,800,000

Retirement benefits paid 1,500,000

Assumed discount rate 10%

If no change in actual estimate occurred in the current year, what is the defined benefit obligation on December 31?

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