Question
The following information relates to the defined benefit pension for the Milan Company for the year ending December 31, 2014: PV of benefit obligation, January
The following information relates to the defined benefit pension for the Milan Company for the year ending December 31, 2014: PV of benefit obligation, January 1 P6,700,000 PV of benefit obligation, December 31 7,200,000 Fair value of plan assets, January 1 7,500,000 Fair value of plan assets, December 31 7,900,000 Expected return on plan assets 675,000 Amortization of deferred gain 48,750 Employer contribution 300,000 Benefits paid to retirees 600,000 10% Settlement rate How much would be the the actual return on plant assets? OP755,250 OP157,500 O P795,000 O P700,000 4
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