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Please help The following information relates to the defined retirement benefit plan of Orchids Company as of December 31, 2021: Net actuarial gain due to
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The following information relates to the defined retirement benefit plan of Orchids Company as of December 31, 2021:
Net actuarial gain due to re-measurement of benefit obligation
and plan assets taken to OCIP123,000
Prior service cost due to amendment of plan included in
retirement benefit expense443,000
Fair value of plan assets2,557,000
Accrued benefit obligation2,800,000
What amount should be shown in Orchids Company's statement of financial position at December 31, 2021 as Prepaid or Accrued Retirement Benefit Cost?
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