Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

QUESTION FOUR [15] The fair value of the plan assets on 01 January 2019 was R65 200. At 01 January 2019, the expected rate of

image text in transcribed

QUESTION FOUR [15] The fair value of the plan assets on 01 January 2019 was R65 200. At 01 January 2019, the expected rate of return on these assets was estimated to be 8%. The expected rate of return and all actuarial assumptions remained unchanged throughout 2019. Current contributions Benefits paid to employees Salaries paid to employees Employee contributions paid into the plan Employees tax paid 2019 R 10 000 7 000 165 000 20 000 72 000 Required: Calculate the net defined benefit plan asset at 31 December 2019. QUESTION FOUR [15] The fair value of the plan assets on 01 January 2019 was R65 200. At 01 January 2019, the expected rate of return on these assets was estimated to be 8%. The expected rate of return and all actuarial assumptions remained unchanged throughout 2019. Current contributions Benefits paid to employees Salaries paid to employees Employee contributions paid into the plan Employees tax paid 2019 R 10 000 7 000 165 000 20 000 72 000 Required: Calculate the net defined benefit plan asset at 31 December 2019

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Fundamentals Of Corporate Finance

Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford

5th Edition

0135811600, 978-0135811603

More Books

Students also viewed these Finance questions

Question

What are the requirements for effective learning at work?

Answered: 1 week ago