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Business
Accounting
A Company provided the following information for the current year: Current service cost 500,000 Interest on PBO 600,000 Interest income on plan asset 350,000 Loss on settlement 250,000 Past service cost during the year 300,000 Actual return on plan asset 850,000 Actuarial loss during the year 200,000 Contribution to the plan 1,500,000   What is the total defined benefit cost?

A Company provided the following information for the current year: Current service cost 500,000 Interest on PBO 600,000 Interest income on plan asset 350,000 Loss on settlement 250,000 Past service cost during the year 300,000 Actual return on plan asset 850,000 Actuarial loss during the year 200,000 Contribution to the plan 1,500,000   What is the total defined benefit cost?

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A Company provided the following information for the current year:

Current service cost

500,000

Interest on PBO

600,000

Interest income on plan asset

350,000

Loss on settlement

250,000

Past service cost during the year

300,000

Actual return on plan asset

850,000

Actuarial loss during the year

200,000

Contribution to the plan

1,500,000

 

What is the total defined benefit cost?

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