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Question 2 --/10 View Policies Current Attempt in Progress Ayayai Inc. has a defined benefit plan for its employees. On December 31, 2019 the company's
Question 2 --/10 View Policies Current Attempt in Progress Ayayai Inc. has a defined benefit plan for its employees. On December 31, 2019 the company's records showed the following information related to the plan: Pension plan assets Defined benefit obligation $841.000 909,000 All employees are expected to receive benefits under the plan. The company's actuary provided the following information as at December 31, 2020: Current year service cost Past service benefits, granted July 1, 2020 Discount rate Actual return on assets Contributions for the year Benefits paid to retirees $177,000 30,000 5% 6% 261,000 123.000 Calculate pension expense for Ayayai Inc. for 2020, assuming ASPE is used. Pension expense, 2020 $ e Textbook and Media Calculate pension expense for Ayayai Inc for 2020, assuming IFRS is used. Pension expense, 2020 $ eTextbook and Media
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