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
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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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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