Intermediate Accounting (2nd Edition)
Intermediate Accounting (2nd Edition)
2nd Edition
ISBN: 9780134730370
Author: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Publisher: PEARSON
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Chapter 19, Problem 19.24BE
To determine

The value of closing balance of PVDBO under IFRS.

Given information:

PVDBO at the beginning is $678,000.

Service Cost is $54,000.

Interest on beginning PVDBO is $56,900.

Actuarial gains are $98,543.

Benefit payment made to retirees is $29,780.

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Intermediate Accounting (2nd Edition)

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