The value of closing balance of plan assets, value of closing balance of PVDBO and the funded status as per IFRS. Given information: Fair value of plan assets at the beginning is $1,006,902. Value of PVDBO at the beginning is $1,043,692. Service cost is $58,084. Interest on PVDBOat the beginning is $93,932. Expected rate on plan assets is 9%. Actual return on plan assets is $84,500. Contribution for the year is $92,612. Benefit paid for the year is $48,672. Actuarial loss is $18,252.

Question

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Answer 1

Question

Chapter 19, Problem 19.11P

a.

To determine

The value of closing balance of plan assets, value of closing balance of PVDBO and the funded status as per IFRS.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PVDBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PVDBOat the beginning is $93,932.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Actuarial loss is $18,252.

b.

To determine

The amount to be recognized in the statement of financial position at the end of the year.

c.

To determine

The value of the closing balance in accumulated other comprehensive income of current year.

d.

To determine

The components of net periodic benefit cost and other amounts recognized in net income.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PVDBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PVDBOat the beginning is $93,932.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Actuarial loss is $18,252.

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Answer 2

Question

Chapter 19, Problem 19.11P

a.

To determine

The value of closing balance of plan assets, value of closing balance of PVDBO and the funded status as per IFRS.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PVDBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PVDBOat the beginning is $93,932.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Actuarial loss is $18,252.

b.

To determine

The amount to be recognized in the statement of financial position at the end of the year.

c.

To determine

The value of the closing balance in accumulated other comprehensive income of current year.

d.

To determine

The components of net periodic benefit cost and other amounts recognized in net income.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PVDBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PVDBOat the beginning is $93,932.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Actuarial loss is $18,252.

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Answer 3

Question

Chapter 19, Problem 19.11P

a.

To determine

The value of closing balance of plan assets, value of closing balance of PVDBO and the funded status as per IFRS.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PVDBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PVDBOat the beginning is $93,932.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Actuarial loss is $18,252.

b.

To determine

The amount to be recognized in the statement of financial position at the end of the year.

c.

To determine

The value of the closing balance in accumulated other comprehensive income of current year.

d.

To determine

The components of net periodic benefit cost and other amounts recognized in net income.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PVDBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PVDBOat the beginning is $93,932.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Actuarial loss is $18,252.

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Answer 4

Question

Chapter 19, Problem 19.11P

a.

To determine

The value of closing balance of plan assets, value of closing balance of PVDBO and the funded status as per IFRS.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PVDBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PVDBOat the beginning is $93,932.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Actuarial loss is $18,252.

b.

To determine

The amount to be recognized in the statement of financial position at the end of the year.

c.

To determine

The value of the closing balance in accumulated other comprehensive income of current year.

d.

To determine

The components of net periodic benefit cost and other amounts recognized in net income.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PVDBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PVDBOat the beginning is $93,932.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Actuarial loss is $18,252.

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Answer 5

Chapter 19, Problem 19.11P

a.

To determine

The value of closing balance of plan assets, value of closing balance of PVDBO and the funded status as per IFRS.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PVDBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PVDBOat the beginning is $93,932.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Actuarial loss is $18,252.

b.

To determine

The amount to be recognized in the statement of financial position at the end of the year.

c.

To determine

The value of the closing balance in accumulated other comprehensive income of current year.

d.

To determine

The components of net periodic benefit cost and other amounts recognized in net income.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PVDBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PVDBOat the beginning is $93,932.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Actuarial loss is $18,252.

Answer 6

Chapter 19, Problem 19.11P

a.

To determine

The value of closing balance of plan assets, value of closing balance of PVDBO and the funded status as per IFRS.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PVDBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PVDBOat the beginning is $93,932.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Actuarial loss is $18,252.

Answer 7

Chapter 19, Problem 19.11P

a.

To determine

The value of closing balance of plan assets, value of closing balance of PVDBO and the funded status as per IFRS.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PVDBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PVDBOat the beginning is $93,932.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Actuarial loss is $18,252.

Answer 8

b.

To determine

The amount to be recognized in the statement of financial position at the end of the year.

Answer 9

b.

To determine

The amount to be recognized in the statement of financial position at the end of the year.

Answer 10

c.

To determine

The value of the closing balance in accumulated other comprehensive income of current year.

Answer 11

c.

To determine

The value of the closing balance in accumulated other comprehensive income of current year.

Answer 12

d.

To determine

The components of net periodic benefit cost and other amounts recognized in net income.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PVDBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PVDBOat the beginning is $93,932.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Actuarial loss is $18,252.

Answer 13

d.

To determine

The components of net periodic benefit cost and other amounts recognized in net income.

Given information:

Fair value of plan assets at the beginning is $1,006,902.

Value of PVDBO at the beginning is $1,043,692.

Service cost is $58,084.

Interest on PVDBOat the beginning is $93,932.

Expected rate on plan assets is 9%.

Actual return on plan assets is $84,500.

Contribution for the year is $92,612.

Benefit paid for the year is $48,672.

Actuarial loss is $18,252.

Answer 14

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Answer 15

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Answer 16

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Answer 17

Ch. 19 - What is the allocation period used to expense...Ch. 19 - How do companies account for stock-based...Ch. 19 - Do companies with equity-based compensation plans...Ch. 19 - When accounting for employee stock options, will a...Ch. 19 - Prob. 19.5Q Ch. 19 - Prob. 19.6Q Ch. 19 - Prob. 19.7Q Ch. 19 - Prob. 19.8Q Ch. 19 - Prob. 19.9Q Ch. 19 - Prob. 19.10Q

Solution Summary: The author explains the value of closing balance of plan assets and PVDBO and the funded status as per IFRS.

The amount to be recognized in the statement of financial position at the end of the year.

The value of the closing balance in accumulated other comprehensive income of current year.

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