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Defined Plan assets, January 1, 2023 Actual return on plan assets, 2023 Discount rate Service cost, 2023 Plan funding during 2023 Payments from plan to retirees during 2023 Actuarial loss on defined post-retirement benefit obligation, 2023 (end of year) post-retirement benefit obligation at January 1, 2023 $115,000 43,600 3,400 11% 56,200 22,500 6,900 30,600

Defined Plan assets, January 1, 2023 Actual return on plan assets, 2023 Discount rate Service cost, 2023 Plan funding during 2023 Payments from plan to retirees during 2023 Actuarial loss on defined post-retirement benefit obligation, 2023 (end of year) post-retirement benefit obligation at January 1, 2023 $115,000 43,600 3,400 11% 56,200 22,500 6,900 30,600

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Defined post-retirement benefit obligation at January 1, 2023 Plan assets, January 1, 2023 Actual return on plan assets, 2023 Discount rate Service cost, 2023 Plan funding during 2023 Payments from plan to retirees during 2023 Actuarial loss on defined post-retirement benefit obligation, 2023 (end of year) Wildhorse follows IFRS. (a) Calculate the post-retirement benefit expense for 2023. Post-retirement benefit expense 2023 $115,000 43,600 3,400 11% 56,200 22,500 6,900 30,600
Transcribed Image Text:Defined post-retirement benefit obligation at January 1, 2023 Plan assets, January 1, 2023 Actual return on plan assets, 2023 Discount rate Service cost, 2023 Plan funding during 2023 Payments from plan to retirees during 2023 Actuarial loss on defined post-retirement benefit obligation, 2023 (end of year) Wildhorse follows IFRS. (a) Calculate the post-retirement benefit expense for 2023. Post-retirement benefit expense 2023 $115,000 43,600 3,400 11% 56,200 22,500 6,900 30,600
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