IA

Jellie Company provided the following information pertaining to the defined benefit plan for the current year: Current service 1, 600, 000 cost Actual return on 350, 000 plan assets Interest income 400, 000 on plan assets Past service 50, 000 cost during the year Annual interest 500, 000 on pension liability What is the total defined benefit cost? a. 2, 150,000 O b. 1,700,000 C. 1,800,000 O d. 1,750,000Net income 500, 000 Dividends on 140, 000 ordinary shares Dividends on 60, 000 preference shares Weighted average 100, 000 ordinary shares outstanding Benedict should report earnings per share of O a . 3.00. b. 3.60. O C. 4.40. O d. 5.00.Ginger Company is completing the preparation of its draft financial statements for the year ended December 31, 2017. The financial statements are authorized for issue on March 31, 2018. On March 15, 2018, a dividend of P1,750,000 was declared and a contractual profit share payment of P350,000 was made, both based on the profit for the year ended December 31, 2017. On February 1, 2018, a customer went into liquidation having owed the entity P340,000 for the past 5 months. No allowance had been made against this debt in the draft financial statements. On March 20, 2018, a manufacturing plant was destroyed by fire resulting in a financial loss P2,600,000.What total amount should be recognized in profit or loss for the year ended December 31, 2017 to reflectclued December 31, 2017. On February 1, 2018, a customer went into liquidation having owed the entity P340,000 for the past 5 months. No allowance had been /made against this debt in the draft financial statements. On March 20, 2018, a manufacturing plant was destroyed by fire resulting in a financial loss P2,600,000.What total amount should be recognized in profit or loss for the year ended December 31, 2017 to reflect adjusting events after the end of reporting period? a. 1,750,000 b. 3,290,000 C. 2,600,000 O d. 690,000