At year-end 2010, 28,879 million represents: A. the funded status of the plan. B. the defined benefit
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At year-end 2010, £28,879 million represents:
A. the funded status of the plan.
B. the defined benefit obligation.
C. the fair value of the plan’s assets.
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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