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The following date relate to the defined benefit plan of CCC Company for the year ended December 31, 20x8: Present value of benefit obligation, January

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The following date relate to the defined benefit plan of CCC Company for the year ended December 31, 20x8: Present value of benefit obligation, January 1, 20x8 P15,000,000 Current service cost 800,000 Benefits paid during the year 500,000 Discount rate 6% Present value of benefit obligation, December 31 20x8 17,410,000 Ignore income tax, what amount of remeasurement gain or loss that should be included in the other comprehensive income? The following information related to Company DDD's pension plan: Plan asset, January 1, 20x8 P950,000 Defined benefit obligation, January 1, 20x8 1,000,000 Average remaining working life of employees at January 1, 20x8 10 years Service cost for 20x8 90,000 Discount rate at January 1, 20x8 10% Expected return on plan asset at January 1, 20x8 100,000 Remeasurement loss arising in 20x8 15,000 Past service cost 30,000 Vesting period for past service cost 2 years What amount of defined benefit cost should be recognized during 20x8? Use the following information for the next five (5) questions: The following information is made available involved the defined benefit pension plan of DDD Company for the year 20x8: Fair value of plant asset, January 1, 20x7 P3,500,000 Present value of benefit obligation, January 1, 20x7 3,750,000 Current service cost 700,000 Actual return on plan asset 420,000 Contribution to the plan 600,000 Benefit paid to retirees 750,000 Decrease in the present value of benefit obligation due to change in actuarial 100,000 assumption Present value of defined benefit obligation settled (carrying value) 250,000 Settlement price of defined benefit obligation (early retirement) 200,000 Discount rate 10% 3. What amount of employee benefit cost should be reported in the profit or loss? 4 . What is the net amount of remeasurement for the year 20x8? 5 . What is the fair value of the plan asset as of December 31, 20x8? 6. What is the present value of benefit obligation as of December 31, 20x8

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