Calculate the January 1, 2023 balances for the pension-related accounts if Cullumber follows IFRS. Defined benefit obligation $ 3296000 Fair value of plan assets +A $ 2644136 Net defined benefit liability く $ 651864

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A:

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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.