The following information pertains to Lacson Corporation defined benefit plan for the year 2022: Defined benefit obligation, January 1, 2022 P 2,500,000 Fair value of plan assets, January 1, 2022 2,000,000 Actual return on plan assets 300,000 Fair value of plan assets, December 31, 2022 2,100,000 Present value of additional DBO settled 175,000 Defined benefit obligation, December 31, 2022 2,400,000 Current service cost 500,000 Discount rate 10% Benefits paid to retirees (at scheduled retirement) 620,000 Contribution made during the year 600,000 What amount of net measurement gain/loss should be reported in other comprehensive income? 155,000 O 150,000 O 45,000 O 50,000 O

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Employee Benefits

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 should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.