10. On January 1, 2002, Cubs Corporation adopted a defined benefit pension plan. The plan's service cost of P150,000 was fully funded at the end of 2002. Past service cost was funded by a contribution of P60,000 in 2002. Past service cost was P24,000 for 2002. What is the amount of Cub's prepaid pension cost at December 31, 2002? a. 36,000 (Adapted) b. 60,000 с. 84,000 d. 90,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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10. On January 1, 2002, Cubs Corporation adopted a defined
benefit pension plan. The plan's service cost of P150,000 was
fully funded at the end of 2002. Past service cost was funded
by a contribution of P60,000 in 2002. Past service cost was
P24,000 for 2002. What is the amount of Cub's prepaid pension
cost at December 31, 2002?
a. 36,000
(Adapted)
d. 90,000
b. 60,000
с. 84,000
Transcribed Image Text:10. On January 1, 2002, Cubs Corporation adopted a defined benefit pension plan. The plan's service cost of P150,000 was fully funded at the end of 2002. Past service cost was funded by a contribution of P60,000 in 2002. Past service cost was P24,000 for 2002. What is the amount of Cub's prepaid pension cost at December 31, 2002? a. 36,000 (Adapted) d. 90,000 b. 60,000 с. 84,000
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