The value of total pension cost for the year under IFRS. Given information: Service cost is $257,000 Interest on the beginning of PBO is $121,000. Expected return on plan assets is $56,000. Amortization of prior service cost is $24,000. Net actuarial gains are $87,000.

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Answer 1

Question

Chapter 19, Problem 19.19BE

To determine

The value of total pension cost for the year under IFRS.

Given information:

Service cost is $257,000

Interest on the beginning of PBO is $121,000.

Expected return on plan assets is $56,000.

Amortization of prior service cost is $24,000.

Net actuarial gains are $87,000.

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Answer 2

Question

Chapter 19, Problem 19.19BE

To determine

The value of total pension cost for the year under IFRS.

Given information:

Service cost is $257,000

Interest on the beginning of PBO is $121,000.

Expected return on plan assets is $56,000.

Amortization of prior service cost is $24,000.

Net actuarial gains are $87,000.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 3

Question

Chapter 19, Problem 19.19BE

To determine

The value of total pension cost for the year under IFRS.

Given information:

Service cost is $257,000

Interest on the beginning of PBO is $121,000.

Expected return on plan assets is $56,000.

Amortization of prior service cost is $24,000.

Net actuarial gains are $87,000.

Expert Solution & Answer

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Check out a sample textbook solution

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Answer 4

Question

Chapter 19, Problem 19.19BE

To determine

The value of total pension cost for the year under IFRS.

Given information:

Service cost is $257,000

Interest on the beginning of PBO is $121,000.

Expected return on plan assets is $56,000.

Amortization of prior service cost is $24,000.

Net actuarial gains are $87,000.

Expert Solution & Answer

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Answer 5

Chapter 19, Problem 19.19BE

To determine

The value of total pension cost for the year under IFRS.

Given information:

Service cost is $257,000

Interest on the beginning of PBO is $121,000.

Expected return on plan assets is $56,000.

Amortization of prior service cost is $24,000.

Net actuarial gains are $87,000.

Answer 6

Chapter 19, Problem 19.19BE

To determine

The value of total pension cost for the year under IFRS.

Given information:

Service cost is $257,000

Interest on the beginning of PBO is $121,000.

Expected return on plan assets is $56,000.

Amortization of prior service cost is $24,000.

Net actuarial gains are $87,000.

Answer 7

Chapter 19, Problem 19.19BE

To determine

The value of total pension cost for the year under IFRS.

Given information:

Service cost is $257,000

Interest on the beginning of PBO is $121,000.

Expected return on plan assets is $56,000.

Amortization of prior service cost is $24,000.

Net actuarial gains are $87,000.

Answer 8

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Answer 9

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Answer 10

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Answer 11

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The value of total pension cost for the year under IFRS. Given information: Service cost is $257,000 Interest on the beginning of PBO is $121,000. Expected return on plan assets is $56,000. Amortization of prior service cost is $24,000. Net actuarial gains are $87,000.

Solution Summary: The author calculates the value of total pension cost for the year under IFRS.

Concept explainers

The value of total pension cost for the year under IFRS.

Given information:

Service cost is $257,000

Interest on the beginning of PBO is $121,000.

Expected return on plan assets is $56,000.

Amortization of prior service cost is $24,000.

Net actuarial gains are $87,000.

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Chapter 19 Solutions