Corporation amends its pension plan on 1/1/20. The following information is available:     1/1/20 before amendment 1/1/20 after amendment Accumulated benefit obligation   P  950,000   P1,425,000 Projected benefit obligation   1,300,000   1,900,000   The past service cost as a result of this amendment is A P125,000 B P475,000 C P950,000 D P600,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Corporation amends its pension plan on 1/1/20. The following information is available:

 

 

1/1/20 before amendment

1/1/20 after amendment

Accumulated benefit obligation

 

P  950,000

 

P1,425,000

Projected benefit obligation

 

1,300,000

 

1,900,000

 

The past service cost as a result of this amendment is

A P125,000

B P475,000

C P950,000

D P600,000

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