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 1,500,000

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?

show solution