How much will be shown in profit or loss and in other 9 The actuarial valuation report of Entity A's post-employment Remeasurements of the net defined benefit liability Net interest on the net defined benefit liability (asset) benefit plan shows the following information: Service cost 300,000 90,000 Total defined benefit cost (20,000) 370,000 comprehensive income? Profit or loss Other comprehensive income a. 370,000 b. 300,000 C. 390,000 d. 70,000 (20,000) 370,000
How much will be shown in profit or loss and in other 9 The actuarial valuation report of Entity A's post-employment Remeasurements of the net defined benefit liability Net interest on the net defined benefit liability (asset) benefit plan shows the following information: Service cost 300,000 90,000 Total defined benefit cost (20,000) 370,000 comprehensive income? Profit or loss Other comprehensive income a. 370,000 b. 300,000 C. 390,000 d. 70,000 (20,000) 370,000
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
![Net interest on the net defined benefit liability (asset)
Remeasurements of the net defined benefit liability
benefit plan shows the following information:
How much will be shown in profit or loss and in other
9. The actuarial valuation report of Entity A's post-employment
c. P200,000 net defined benefit liability in noncurrent
P200,000 net defined benefit asset in noncurrent assets
unting for de
PAS
259
Emplayer Benefits
ned benefit
liabilities
y (asset)
d. PIM in noncurrent liabilities
300,000
Service cost
90,000
(20,000)
370,000
unting for whid
Total defined benefit cost
comprehensive income?
Profit or loss
ans
Other comprehensive income
a. 370,000
b. 300,000
C. 390,000
d.
70,000
(20,000)
370,000
ly to affect te
benefit plan?
10. According to PAS 19, how are other long-term benefits
accounted for?
a. similar to defined benefit plans.
b. similar to short-term employee benefits except that the
cash flows are discounted.
C. similar to defined benefit plans except that all the
components of the defined benefit cost is recognized in
other comprehensive income.
a.) similar to defined benefit plans except that all the
components of the defined benefit cost is recognized in
profit or loss.
fund.
Entity A as d
P 800,000
P1,000,00
mber 31, 20
-employmet
n noncurret](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8d904351-1246-4737-bb77-49122d7e84e5%2Fdee64f9c-2670-4b76-8914-ec797e42113a%2Fzmhoec_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Net interest on the net defined benefit liability (asset)
Remeasurements of the net defined benefit liability
benefit plan shows the following information:
How much will be shown in profit or loss and in other
9. The actuarial valuation report of Entity A's post-employment
c. P200,000 net defined benefit liability in noncurrent
P200,000 net defined benefit asset in noncurrent assets
unting for de
PAS
259
Emplayer Benefits
ned benefit
liabilities
y (asset)
d. PIM in noncurrent liabilities
300,000
Service cost
90,000
(20,000)
370,000
unting for whid
Total defined benefit cost
comprehensive income?
Profit or loss
ans
Other comprehensive income
a. 370,000
b. 300,000
C. 390,000
d.
70,000
(20,000)
370,000
ly to affect te
benefit plan?
10. According to PAS 19, how are other long-term benefits
accounted for?
a. similar to defined benefit plans.
b. similar to short-term employee benefits except that the
cash flows are discounted.
C. similar to defined benefit plans except that all the
components of the defined benefit cost is recognized in
other comprehensive income.
a.) similar to defined benefit plans except that all the
components of the defined benefit cost is recognized in
profit or loss.
fund.
Entity A as d
P 800,000
P1,000,00
mber 31, 20
-employmet
n noncurret
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Recommended textbooks for you
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![FINANCIAL ACCOUNTING](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9781259964947/9781259964947_smallCoverImage.jpg)
![Accounting](https://www.bartleby.com/isbn_cover_images/9781337272094/9781337272094_smallCoverImage.gif)
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
![Accounting Information Systems](https://www.bartleby.com/isbn_cover_images/9781337619202/9781337619202_smallCoverImage.gif)
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
![Horngren's Cost Accounting: A Managerial Emphasis…](https://www.bartleby.com/isbn_cover_images/9780134475585/9780134475585_smallCoverImage.gif)
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
![Intermediate Accounting](https://www.bartleby.com/isbn_cover_images/9781259722660/9781259722660_smallCoverImage.gif)
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
![Financial and Managerial Accounting](https://www.bartleby.com/isbn_cover_images/9781259726705/9781259726705_smallCoverImage.gif)
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education