SE THE INFORMATION GIVEN BELOW TO ANSWER QUESTIONS 30-31.

Scallion Company received the following reports on its defined benefit pension plan for the current calendar year 2019:

DBOPLAN ASSETS

Assuming no other data are relevant, what is the pension expense per IFRS for the year?

a.

$197,000.

b.

$227,000

c.

$172,000.

d.

$210,000.

e.

$217,000.

Determine the balance reported by Scallion on its balance sheet as at December 31, 2019 for the Net Benefits Asset/Liability account.

a.

$150,000.

b.

$242,000

c.

$157,000.

d.

$232,000.

e.

$245,000.

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