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How much is the benefit expense (gain) reported in other comprehensive income in 2022? 1 point The following relates to the defined benefit pension
How much is the benefit expense (gain) reported in other comprehensive income in 2022? 1 point The following relates to the defined benefit pension plan for the year ending December 31, 2022: Fair value of Plan assets Present value of benefit obligation Net defined benefit asset Effect of asset ceiling Asset ceiling January 1 P 4,200,000 4,000,000 P200,000 100,000 P 100,000 December 31 P 5,000,000 4,500,000 P500,000 300,000 200,000 The following were provided in 2022: Current service cost Contribution to the plan Benefits paid Rate on high quality corporate bonds P 250,000 650,000 450,000 12%
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