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Compute the amount reflected in the balance sheet

    Assignment Instructions

    Assignment ID: FG133039620

    Question – Fair Value of plan assets, beg 700,000PV of defined benefit obligation, beg 550,000

    FV of plan asset, end 1,200,000

    PV of defined benefit obligation, end 800,000

    Benefits Paid 100,000

    Current Service Cost 125,000

    Past Service Cost 30,000

    Contribution to the plan 140,000

    Discount rate 10%

    The asset ceiling are 100,000 and 250,000 at the beginning and end of the year respectively.

    a. Compute the amount reflected in the balance sheet?

    b. Compute the amount in Profit/Loss?

    c. Compute the amount in Other Comprehensive Income?

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