Question

Note 19 to the 2013 financial statements of Cineplex Inc., dealing with employee future benefits, is presented in Exhibit 10-13 (amounts in thousands of dollars).
Required:
a. What types of pension plans and other long-term benefit plans does Cineplex have?
b. What was the total plan obligation for Cineplex’s defined benefit plans as at December 31, 2013?
c. What was the fair value of the defined benefit plan assets for Cineplex as at December 31, 2013?
d. Were Cineplex’s defined benefit plans underfunded, overfunded, or fully funded? If they were underfunded or overfunded, by what amount?
e. Which type of pension plan do new employees of Cineplex become a member of? Is this the same for a new member of the company’s executive team?


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  • CreatedJune 12, 2015
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