Complete the following tables by indicating whether the following events increase (I), decrease (D), or have no effect (NE) on the employer's defined benefit obligation, the pension plan assets, the pension plan's surplus, the pension expense, and the remeasurement gain-OCI. (a) Assume that the company applies IFRS and has a significant plan surplus and current period remeasurement gain prior to the following events in the current year: Current service cost Actual return on plan assets is > interest/discount rate of return Return on plan assets at the interest/discount rate Past service costs due to plan revision Liability actuarial gain Liability actuarial loss Employer contributions on last day of fiscal year Benefits paid to retirees on last day of fiscal year An increase in the average life expectancy of employees Defined Benefit Pension Plan Plan Obligation Assets Surpli
Complete the following tables by indicating whether the following events increase (I), decrease (D), or have no effect (NE) on the employer's defined benefit obligation, the pension plan assets, the pension plan's surplus, the pension expense, and the remeasurement gain-OCI. (a) Assume that the company applies IFRS and has a significant plan surplus and current period remeasurement gain prior to the following events in the current year: Current service cost Actual return on plan assets is > interest/discount rate of return Return on plan assets at the interest/discount rate Past service costs due to plan revision Liability actuarial gain Liability actuarial loss Employer contributions on last day of fiscal year Benefits paid to retirees on last day of fiscal year An increase in the average life expectancy of employees Defined Benefit Pension Plan Plan Obligation Assets Surpli
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Complete the following tables by indicating whether the following events increase (I), decrease (D), or have no effect (NE) on the
employer's defined benefit obligation, the pension plan assets, the pension plan's surplus, the pension expense, and the
remeasurement gain-OCI.
(a)
Assume that the company applies IFRS and has a significant plan surplus and current period remeasurement gain prior to the following
events in the current year:
Current service cost
Actual return on plan assets is > interest/discount rate of return
Return on plan assets at the interest/discount rate
Past service costs due to plan revision
Liability actuarial gain
Liability actuarial loss
Employer contributions on last day of fiscal year
Benefits paid to retirees on last day of fiscal year
An increase in the average life expectancy of employees
Defined
Benefit
Pension
Plan
Plan
Obligation
Assets
Surpli
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