Presented below is information related to Pepper Corporation's defined benefit pension plan for calendar 2020. The corporation uses IFRS. Defined benefit obligation, Jan 1..................................... $
Presented below is information related to Pepper Corporation's defined benefit pension plan for calendar 2020. The corporation uses IFRS.
Defined benefit obligation, Jan 1..................................... $ 200,000
Fair value of plan assets, Jan 1......................................... 180,000
Current service cost......................................................... 27,000
Contributions to plan...................................................... 25,000
Actual return on plan assets............................................ 5%
Benefits paid to retirees................................................... 40,000
Interest (discount) rate.................................................... 7%
Remeasurement loss plan assets ............................ 3,600
What is the fair value of the plan assets at December 31, 2020 ?
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Authors: Charles T. Horngren, Gary L. Sundem, William O. Stratton, Phillip Beaulieu
6th Canadian edition
013257084X, 1846589207, 978-0132570848
