Question
The following information relates to the defined benefit pension plan of the Mang Inasal Company for the year ending December 31, 2019: PV of defined
The following information relates to the defined benefit pension plan of the Mang Inasal Company for the year ending December 31, 2019: PV of defined benefit obligation, January 1 4,600,000 PV of defined obligation, December 31 4,729,000 Fair value of plan assets, January 1 5,035,000 Fair value of plan assets, December 31 5,565,000 Interest income on plan assets 450,000 Actuarial loss 32,500 Employer contributions 425,000 Benefits paid to retirees 390,000 Discount rate 10% The net amount of remeasurement of the net defined benefit liability (asset) included in the defined benefit cost for 2019 would be
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