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Ling Ltd operates a defined benefit pension scheme for all of its employees. The closing balances on the scheme assets and liabilities, at 31 December
Ling Ltd operates a defined benefit pension scheme for all of its employees. The closing balances on the scheme assets and liabilities, at 31 December 2020, were $100 million and $104 million respectively. Ling's actuary has provided the following information that has yet to be accounted for in the year-ended 31 December 2020. Calculate the amounts that will appear in the financial statements of Finland for the year-ended 31 December 2020.
$m Current Senvice Cost 16 Past Service Cost 14 Contributions to the Plan 15 Benefits paid out 18 Fair value of plan assets 160 Fair value of benefit obligations 130Step by Step Solution
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