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Question 4 of 6 -/17 E View Policies Current Attempt in Progress Bramble Corporation is a publicly owned company that follows IFRS. On December 31,
Question 4 of 6 -/17 E View Policies Current Attempt in Progress Bramble Corporation is a publicly owned company that follows IFRS. On December 31, 2019, Bramble's financial records indicated the following information related to the company's defined benefit pension plan: $7.589.900 Defined Benefit Obligation Pension Plan Assets 7,290,900 On January 1, 2020, Bramble acquired the operations of AMX Ltd. As one of the conditions of the purchase, Bramble agreed that AMX's employees would be included in Bramble's defined benefit pension plan, and would be granted credit for the past service of AMX's employees. The actuary estimated the value of the prior service amount granted on January 1, 2020 to be $321,700. Bramble's actuary provided the following information on December 31, 2020: $393,000 440,800 182,700 Current year service cost Employer contributions for the year Benefits paid to retirees Actuarial increase in pension obligations Expected return on assets Actual return on assets 128,600 6% 5% Discount rate 6% Prepare a pension worksheet for Bramble Corporation for the year ending December 31, 2020. Remeasurement Gain/Loss OCI Annual Pensio Expense Balance, January 1, 2020 (a) Current Service Cost (b) Past Service Cost (c) Net Interest/Finance Cost > (d) Asset Remeasurement Gain/Loss le) Actuarial Gain/Loss (d) Asset Remeasurement Gain/Loss le) Actuarial Gain/Loss
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