At January 1, Y3, Mapleton Corp.'s defined benefit pension plan, under IFRS, had a defined benefit obligation of $ 100,000, while the fair value of the plan assets was $ 120,000. During Y3, the plan's current service cost was $ 150,000; past service costs were $ 80,000; Mapleton contributed $ 110,000 to the plan; the actual and expected return on the plan assets was $ 9,000; and benefits paid to retirees were $ 95,000.

What is the fair value of the plan assets at December 31, Y3? 

Answer rating: 100% (QA)

To determine the fair value of the plan assets at December 31 Y3 we need to consider the changes in ... View the full answer