Hruska Corp. provides post-employment benefits to its retirees for dental and supplementary health care. The following information relates to these benefits:

Required:1. Compute the benefit obligation for post-employment benefits at 31 December 20X6 and plan assets at 31 December 20X6.2. Compute the appropriate expense for post-employment benefits for the year ended 31 December 20X6.3. Compute the closing balances on related SFP accounts at 31 December 20X6.

Transcribed Image Text:

Benefit obligation, 1 January 20X6 Current service cost for 20X6 SFP accrued net OPEB liability, 1 January, 20X6 Accumulated OCI, OPEBS, 1 January 20X6, loss Fund assets, 1 January 20X6 Contributions to the benefit fund for 20X6-paid 1 April Benefit payments to retired employees for 20X6 evenly over year Actual return on fund assets Yield rate on long-term corporate bonds $69,000 16,000 11,000 23,000 58,000 9,000 12,000 350 7%