Knowledge Check 01 Which of the following statements about the reporting of pension costs under IFRS are true? (Select all that apply.) Check All That Apply Service cost includes current service costs and past service costs if any Service cost includes current service costs, pest service costs (f anyh, and the net interest cost. Service cost includes current service costs, past service costs ff anyl, net interest cost and any remessurement cost Remeasurement cost includes temeasurements of service costs caused by chenges in assumptions, gains and losses arising foon expenience dillering ficm what : was assumed, and irvestment gains and losses on plan assets. Knowledge Check 01 Which of the following statements about accounting for gains and losses in defined benefit plans are true? (Select all that apply) Check All That Apply IFRS requkes the use of rate for "high grade corporate bonds" to determine the interest cost on the defined beneff obligation and the ditierence between the sctual. and expected returns to determine the interest towenue on the plan assets IFRS requires the use of tate for "high orode comporate bonds" to determine both the interest cost on the delined beneff obigation and the interest revenue on the plan assets. The gain or loss on plan assets under US. GAAP a the difference between the actual and expected returns on plan assets. The remeasurement gain (or loss) under ifis usually is the same as the gain (or losis) an pisn assets under GAAP. Knowledge Check 01 Which of the following statements about the reporting of pension costs under IFRS are true? (Select all that apply.) Check All That Apply Service cost includes current service costs and past service costs if any Service cost includes current service costs, pest service costs (f anyh, and the net interest cost. Service cost includes current service costs, past service costs ff anyl, net interest cost and any remessurement cost Remeasurement cost includes temeasurements of service costs caused by chenges in assumptions, gains and losses arising foon expenience dillering ficm what : was assumed, and irvestment gains and losses on plan assets. Knowledge Check 01 Which of the following statements about accounting for gains and losses in defined benefit plans are true? (Select all that apply) Check All That Apply IFRS requkes the use of rate for "high grade corporate bonds" to determine the interest cost on the defined beneff obligation and the ditierence between the sctual. and expected returns to determine the interest towenue on the plan assets IFRS requires the use of tate for "high orode comporate bonds" to determine both the interest cost on the delined beneff obigation and the interest revenue on the plan assets. The gain or loss on plan assets under US. GAAP a the difference between the actual and expected returns on plan assets. The remeasurement gain (or loss) under ifis usually is the same as the gain (or losis) an pisn assets under GAAP
