Required: Calculate the value that will be given to the next plan asset under IAS19
Required: Calculate the value that will be given to the next plan asset under IAS19
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Employee benefits

Transcribed Image Text:An entity has the following balances relating to its defined benefit plan.
Present value of the obligation: 13 million
Fair value of plan assets: 17 million
Actuarial losses: 1,3 million (unrecognized)
Past services cost: 1,2 million (unrecognized)
Present value of available future refunds and reduction in future contributions: 0,1 million
12
Required:
Calculate the value that will be given to the next plan asset under IAS19
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