Question: If a defined contribution pension scheme provided a pension that was 6% of salary each year, the company had a payroll cost of 5 million,
If a defined contribution pension scheme provided a pension that was 6% of salary each year, the company had a payroll cost of €5 million, and the company paid €200,000 in the year, what would be the statement of comprehensive income charge and the statement of financial position liability at the year-end?
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