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Pharoah Corporation provides the following information about its defined benefit pension plan for the year 2020: Current service cost Contribution to the plan Past service
Pharoah Corporation provides the following information about its defined benefit pension plan for the year 2020: Current service cost Contribution to the plan Past service cost, effective December 31, 2020 Actual return on plan assets Benefits paid Net defined benefit liability at January 1, 2020 Plan assets at January 1, 2020 Defined benefit obligation at January 1, 2020 Interest/discount rate on the DBO and plan assets $226,700 264,200 26,700 160,000 117,000 401,700 1,600,000 2,001,700 10% Pharoah follows IFRS. Prepare a continuity schedule for 2020 for the defined benefit obligation. (Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses e.g. (45).) Pharoah Corporation Continuity Schedule 2020
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