For the year 2010, the net interest expense of 273 represents the interest cost on the: A.
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For the year 2010, the net interest expense of £273 represents the interest cost on the:
A. ending benefit obligation.
B. beginning benefit obligation.
C. beginning net pension obligation.
Kensington plc, a hypothetical company based in the United Kingdom, offers its employees a defined benefit pension plan. Kensington complies with IFRS. The assumed discount rate that the company used in estimating the present value of its pension obligations was 5.48 percent. Information on Kensington’s retirement plans is presented in Exhibit 1.
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Related Book For
International Financial Statement Analysis CFA Institute Investment Series
ISBN: 9780470287668
1st Edition
Authors: Thomas R. Robinson, Hennie Van Greuning CFA, Elaine Henry, Michael A. Broihahn, Sir David Tweedie
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