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D Question 18 During 2021, an entity constructed an asset costing P10,000,000, The weighted- ayerage accumulated expenditures on the asset during the year totaled P6,000,000. To help pay for construction, P4,400,000 was borrowed at 10% on January 1, 2021, and funds net needed fer construction were temporarily inyested in short-term securities, yielding P90,000 in interest reyenue, Other than the construction funds borrowed, the only other debt outstanding during the year was a P5,000,000, 10-year, 9% note payable dated January 1, 2018. What is the amount of interest that should be capitalized during 2021? . _. 494,000 600,000 .___. 300,000 944,000 At the beginning of the year, ABC had the following balances with respects to a defined benefit plan: FV of plan asset P 5,000,000 Projected benefit obligation P 6,000,000 During the year, the current service cost is P1,550,000. The discount rate is 10% and the expected return on plan assets is 12%. The actual return on plan assets for the year is P650,000. The entity contributed P1,200,000 to the plan. Determine the following: 1. How much is the total employee benefits expense? [ Select ] 2. How much is the amount to be included in the OCI? [ Select ] 3. How much is the prepaid/(accrued) benefit cost?CC Corp includes one coupon in each box of facial cleansers. If 10 coupons are redeemed together with a remittance of P10, the customer will get a towel as a premium. Cost to distribute the premium is P5. Based on historical figures, it is expected that only 30% of the premiums will be redeemed. 2021 2022 Boxes of facial 2,000,000 2,500,000 cleansers sold Number of towels 50,000 80,000 purchased at P50 each Coupons 400,000 700,000 redeemed How much is the premium liability on December 31, 2021? [ Select ] How much is the estimated premium expense for 2022?FV of plan asset, beg 6,700,000 PBO 7,600,000 Current 1,450,000 service cost Past service 300,000 cost Discount 10% Rate Actual return on 500,000 plan asset Contribution 1,500,000 to the plan Benefits paid to 800,000 retirees Determine the following: 1. Employee Benefit expense [ Select ] 2. Remeasurement gain/loss [ Select ] 3. Prepaid/(accrued) benefit cost