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P 1 9 . 4 The following information is available for HTM Corporation s defined benefit pension plan: 2 0 2 3 2 0 2
P The following information is available for HTM Corporations defined benefit pension plan: Defined benefit obligation, opening balance, accounting basis $ Fair value of plan assets Current service cost $ $ Discount rate Actual return earned on plan assets Contributions funding Benefits paid to retirees On January HTM amended its pension plan, resulting in past service costs with a present value of $ Instructions Calculate the pension plans surplus or deficit and the pension liability or asset reported on the December and statements of financial position assuming that HTM accounts for its pension plan under ASPE. Round to the nearest dollar. Calculate all the components, and the total defined benefit expense for and assuming that HTM accounts for its pension plan under ASPE. Identify the pension plans surplus or deficit and the pension liability or asset reported on the December and statements of financial position assuming that HTM accounts for its pension plan under IFRS. Calculate defined benefit expense and any remeasurement gain lossOCI for and assuming that HTM accounts for its pension plan under IFRS. Round to the nearest dollar. Compare the results obtained in parts b and d Comment. Which method results in a better measure of expense over the threeyear period? An icon reads, Digging Deeper. Which method results in a better measure of the plan surplus or deficit that is reported on the SFP
P The following information is available for HTM Corporations defined benefit pension plan:
Defined benefit obligation, opening balance, accounting basis
$
Fair value of plan assets
Current service cost
$
$
Discount rate
Actual return earned on plan assets
Contributions funding
Benefits paid to retirees
On January HTM amended its pension plan, resulting in past service costs with a present value of $
Instructions
Calculate the pension plans surplus or deficit and the pension liability or asset reported on the December and statements of financial position assuming that HTM accounts for its pension plan under ASPE. Round to the nearest dollar.
Calculate all the components, and the total defined benefit expense for and assuming that HTM accounts for its pension plan under ASPE.
Identify the pension plans surplus or deficit and the pension liability or asset reported on the December and statements of financial position assuming that HTM accounts for its pension plan under IFRS.
Calculate defined benefit expense and any remeasurement gain lossOCI for and assuming that HTM accounts for its pension plan under IFRS. Round to the nearest dollar.
Compare the results obtained in parts b and d Comment. Which method results in a better measure of expense over the threeyear period?
An icon reads, Digging Deeper. Which method results in a better measure of the plan surplus or deficit that is reported on the SFP
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