The following information relates to the defined benefit pension plan of the McDonald Company for the year
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Question:
The following information relates to the defined benefit pension plan of the McDonald Company for the year ending December 31, 2002:
PV of defined benefit obligation, January 1 | P4,600,000 |
PV of defined obligation, December 31 | 4,729,000 |
Fair value of plan assets, January 1 | 5,035,000 |
Fair value of plan assets, December 31 | 5,565,000 |
Interest income on plan assets | 450,000 |
Actuarial loss | 32,500 |
Employer contributions | 425,000 |
Benefits paid to retirees | 390,000 |
Discount rate | 10% |
What would be The net amount of remeasurement of the net defined benefit liability (asset) included in the defined benefit cost for 2002?
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