The following information on a de fined benefit plan is provided: FVPA, beg 2,800,000 PVOBO, beg 2,200,000 Current Service Cost 960,000 Past service cost (vesting for 5 years) 600,000 Benefits Paid 420,000 Retum on Plan Assets b00,000 Contributions to the Plan 1,820,000 Increase due to Actuarial Assumptions 240,000 Expected Rate of Retum 12% Discount Rate 10% The present value of economic benefits available in the form of refunds from the plan are 400,000 and 800,000, at the beginning and ending of the period. What amount of defined benefit cost is presented in OCI?
The following information on a de fined benefit plan is provided: FVPA, beg 2,800,000 PVOBO, beg 2,200,000 Current Service Cost 960,000 Past service cost (vesting for 5 years) 600,000 Benefits Paid 420,000 Retum on Plan Assets b00,000 Contributions to the Plan 1,820,000 Increase due to Actuarial Assumptions 240,000 Expected Rate of Retum 12% Discount Rate 10% The present value of economic benefits available in the form of refunds from the plan are 400,000 and 800,000, at the beginning and ending of the period. What amount of defined benefit cost is presented in OCI?
Chapter1: Financial Statements And Business Decisions
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Transcribed Image Text:The following information on a defined benefit plan is provided: FVPA, beg
2,800,000 PVOB0, beg 2,200,000 current Service Cost 960,000 Past service
cost (vesting for 5 years) 600,000 Benefits Paid 420,000 Return on Plan
Assets 600,000 Contributions to the Plan 1,820,000 Increase due to
Actuarial Assumptions 240,000 Expected Rate of Returm 12% Discount
Rate 10% The present value of economic benefits available in the form of
refunds from the plan are 400,000 and 800,000, at the beginning and
ending
of the period. What amount of de fined benefit cost is presented
in OCI?
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