Hawker Corporation is a publicly ow.ied company that follows IFRS. On January 1, 2018 Hawker's financial records indicated the following information related to the company's defined benefit pension plan: Page 2 Defined Benefit Obligation (DBO) $12,985,000 Pension Plan Assets 11,327,000 7 8 Hawker's actuary provided the following information on December 31, 2018: 9 Current year service cost $668,000 Prior service cost, granted Jan 1, 2018 245,000 Employer contributions for the year 941,000 Benefits paid to retirees 353,000 Actuarially determined DBO at Dec 31, 2018 14,130,500 Market rate of interest (per high quality corporate bonds 5% Actual return on plan assets 6% Page 3: 11 12 10 REQUIRED: [Note: You may use a worksheet to answer parts a., b. and c. of this question, however it is not required.] ints) 5 y determined DBO at Dec 31, 2018 30,500 Market rate of interest (per high qual y corporate bonds) 5% Actual return on plan assets 6% se 2: REQUIRED: [Note: You may use a worksheet to answer parts a, b, and c. of this question, however it is not required.) 8 Question 1 (5 points) 1 Provide a reconciliation of the opening (January 1st to the closing (December 31st) balance for each of (i) the Plan Assets and (ii) the Defined Benefit Obligation for Hawk in 2018 ge 3: 12 11 e Question 2 (3 points) Calculate (i) Hawk's pension expense for the ended December 31, 2018 (ii) Hawk's remeasurement gain or loss for the ended December 31, 2018 ge 3: 12 0 Question 3 12 points) Calculate Hawk's Net Defined Benefit (Liability)/Asset as of January 1, 2018 and its Net Defined Benefit (Liability Asset as of December 31, 2018 se 2: ge 3: 12 11 gints Question 4 (4 points) Provide the related journal entries for the pension expense, remeasurement gain or loss and funding of Hawk's Pension Plan for 2018 under IFRS 3: 12 e 2: Question 5 (1 point) Calculate the funded status of Hawker's pension plan at December 31, 2018? se 3: 12 Hawker Corporation is a publicly ow.ied company that follows IFRS. On January 1, 2018 Hawker's financial records indicated the following information related to the company's defined benefit pension plan: Page 2 Defined Benefit Obligation (DBO) $12,985,000 Pension Plan Assets 11,327,000 7 8 Hawker's actuary provided the following information on December 31, 2018: 9 Current year service cost $668,000 Prior service cost, granted Jan 1, 2018 245,000 Employer contributions for the year 941,000 Benefits paid to retirees 353,000 Actuarially determined DBO at Dec 31, 2018 14,130,500 Market rate of interest (per high quality corporate bonds 5% Actual return on plan assets 6% Page 3: 11 12 10 REQUIRED: [Note: You may use a worksheet to answer parts a., b. and c. of this question, however it is not required.] ints) 5 y determined DBO at Dec 31, 2018 30,500 Market rate of interest (per high qual y corporate bonds) 5% Actual return on plan assets 6% se 2: REQUIRED: [Note: You may use a worksheet to answer parts a, b, and c. of this question, however it is not required.) 8 Question 1 (5 points) 1 Provide a reconciliation of the opening (January 1st to the closing (December 31st) balance for each of (i) the Plan Assets and (ii) the Defined Benefit Obligation for Hawk in 2018 ge 3: 12 11 e Question 2 (3 points) Calculate (i) Hawk's pension expense for the ended December 31, 2018 (ii) Hawk's remeasurement gain or loss for the ended December 31, 2018 ge 3: 12 0 Question 3 12 points) Calculate Hawk's Net Defined Benefit (Liability)/Asset as of January 1, 2018 and its Net Defined Benefit (Liability Asset as of December 31, 2018 se 2: ge 3: 12 11 gints Question 4 (4 points) Provide the related journal entries for the pension expense, remeasurement gain or loss and funding of Hawk's Pension Plan for 2018 under IFRS 3: 12 e 2: Question 5 (1 point) Calculate the funded status of Hawker's pension plan at December 31, 2018? se 3: 12
