Information regarding define benefit plan as of December 31, 2003 15/35follows:Fair value of pian assets, January 1P480, 000Fair value of plan assets, December 31PV of define benefit obligationP 1, 128, 000P720, 000P800, 000Contribution made to the fund, July 1Benefits paid to retirees, September 30P200, 0006%7) How much is the interest income on the plant asset?Discount ratea. 56, 400b. 24, 000C. 41, 500d. 46, 0008) How much is the remeasurement to the net defined liability(asset) tobe recognized in other comprehensive income?a. 5, 000 gainb. 5, 000 lossC. 6,500gaind. 0

Information regarding define benefit plan as of December 31, 200315/as follows: Fair value of plan assets, January 1 Fair value of plan assets, December 31 PV of define benefit obligation Contribution made to the fund, July 1 Benefits paid to retirees, September 30 Discount rate P480, 000 P1, 128, 000 P720, 000 P800, 000 P200, 000 6% 7) How much is the interest income on the plant asset? 5C 100

Information regarding define benefit plan as of December 31, 200315/as follows: Fair value of plan assets, January 1 Fair value of plan assets, December 31 PV of define benefit obligation Contribution made to the fund, July 1 Benefits paid to retirees, September 30 Discount rate P480, 000 P1, 128, 000 P720, 000 P800, 000 P200, 000 6% 7) How much is the interest income on the plant asset? 5C 100

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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Sh13
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