Blossom Corp. reports the following information (in hundreds of thousands of dollars) to you about its defined benefit pension plan for 2023: Actual return on plan assets $16 Interest cost $9 Benefits paid to retirees 6 Opening balance, defined benefit obligation 93 Contributions from employer 20 Opening balance, plan assets 98 Cost of plan amendment in year 16 Current service cost 20 Provide a continuity schedule for the DBO for the year. Blossom follows IFRS. BLOSSOM CORP. Continuity Schedule 2023 (in hundreds of thousands) $

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization shou…