Problem #5

Problem 5: The following information pertains to Ostrich Company's defined benefit pension plan: Prepaid pension cost, January 1, 2020 Php 120,000 Current Service Cost 190,000 Interest Cost 380,000 Expected return on plan assets 220,000 Amortization of unrecognized prior service cost 520,000 Employer contributions 400,000 The fair value of plan assets exceeds the accumulated benefit obligation 5. In its December 31, 2020 balance sheet, what amount should Ostrich report as unfunded accrued pension cost? Problem 6: The following data were compiled to preparation of the financial statements of Stalker Company as of December 31, 2020: Unrealized gain on available for sale security Php 200,000 Excess of par - ordinary share 500,000 Excess of par - preference share 400,000 Excess of market value over par on ordinary share dividends 200,000 Donated Capital 600,000 Ordinary share capital, par Php 100 8,000,000 Share dividends payable, ordinary 1,000,000 Preference share capital 1,000,000 Accumulated profits, unappropriated 1,500,000 Accumulated profits, reserved: For bond redemption Php 2,000,000 For plant expansion 2,500,000 For treasury share 800.000 Php 5,300,000 Treasury share at cost 800,000 6. What is the total shareholders' equity as of December 31, 2020