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Question4 b) A company that makes an annual contribution of P650 000 identified a surplus of P2 400 000. The estimated service lives of current
Question4 b) A company that makes an annual contribution of P650 000 identified a surplus of P2 400 000. The estimated service lives of current employees is 10 years. The actuary recommends the following options: iii. A contribution holiday of 4 years iv. Two lump sum payment of P 1 200 000 v. Pay employees higher pensions Required to show: a) The accounting treatment in both the statement of comprehensive income and the statement of financial position for the 10 years under each of the 3 options recommended by the actuary?
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