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Pharoah Corporation is a private company with a defined benefit pension plan. The following information is available for Pharoah for 2 0 2 3 :
Pharoah Corporation is a private company with a defined benefit pension plan. The following information is available for Pharoah for :
tableOpening balance, DBO,$
Pharoah Corporation is a private company with a defined benefit pension plan. The following information is available for Pharoah for :
Opening balance, DBO
Opening balance, plan assets
Service cost
Employer contributions paid evenly through
Applicable interest or discount rate
Actual return on plan assets
Actuarial loss due to change in actuarial assumptions
$
Assuming that Pharoah follows IFRS, determine the effect of the pension plan on defined benefit expense and the company's shareholders' equity.
expense and a related in the net income and retained earnings by $ and a remeasurement
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