a.
The value of closing balance of plan assets, value of closing balance of PVDBO and the funded status as per IFRS.
Given information:
Fair value of plan assets at the beginning is $1,006,902.
Value of PVDBO at the beginning is $1,043,692.
Service cost is $58,084.
Interest on PVDBOat the beginning is $93,932.
Expected rate on plan assets is 9%.
Actual return on plan assets is $84,500.
Contribution for the year is $92,612.
Benefit paid for the year is $48,672.
Actuarial loss is $18,252.
b.
The amount to be recognized in the statement of financial position at the end of the year.
c.
The value of the closing balance in accumulated other comprehensive income of current year.
d.
The components of net periodic benefit cost and other amounts recognized in net income.
Given information:
Fair value of plan assets at the beginning is $1,006,902.
Value of PVDBO at the beginning is $1,043,692.
Service cost is $58,084.
Interest on PVDBOat the beginning is $93,932.
Expected rate on plan assets is 9%.
Actual return on plan assets is $84,500.
Contribution for the year is $92,612.
Benefit paid for the year is $48,672.
Actuarial loss is $18,252.
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Intermediate Accounting
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