CBA Co. has established a defined benefit pension plan for its employees. Annual payments under the pension plan are equal to 2% of an employee's highest lifetime salary multiplied by the number of years with the company. As of the beginning of 2019, an employee had worked for the company for 10 years. The employee's salary in 2019 was P500,000. The employee is expected to retire in 25 years, and his salary increases are expected to average 3% per year during that period. The employee is expected to live for 15 years after retiring and will receive the first annual pension payment one year after retirement. The discount rate is 8% and the relevant present value (PV) and future value (FV) factors are as follows: PV of an ordinary annuity of 1 at 8% for 15 periods 8.559 PV of 1 at 8% for 25 periods FV of 1 at 3% for 25 periods 0.146 2.094 What is the defined benefit obligation (DBO) on January 1, 2019?AAA Co. a manufacturer of heavy machinery, grant a 2-year warranty on its products. The estimated liability for product warranty account shows these entries for 2020: Beginning Balance 225,000 Provision during the year (quarterly accrual) 200,000 Total 425,000 A review of the company's policy of accounting for warranties revealed that based on the company's past experience, warranty claims averaged 5% on net sales. Moreover, the company provides for a quarterly accrual of the estimated warranties expenditures based on rough estimates. The following additional information is available from the company's records: Gross sales P7,250,000; Sales returns and allowances P150,000; Cost of sales P3,678,000. The cost of sales includes P415,500 cost of servicing the warranty for 2020 What is the correct balance of the estimated liability for product warranty at the end of 2020?The shareholders' equity of the ABA Company on January 1, 2020 is presented below: Share capital, P20 par value, 50,000 shares P700,000 authorized, 35,000 shares issued and outstanding Share premium 350,000 Accumulated profits 300,000 During 2020, the following transactions relating to the shareholders' equity occurred: a. 1,000 shares were reacquired at P35 per share. b. 900 shares were reacquired at P38 per share. c. 1,500 shares of treasury were sold at P40 per share. d. Net income for the year amounted to P105,000. What is the total shareholders' equity on December 31, 2020?CPA Company had these equity accounts: Preference share capital, P500 par, 2,200 shares P 1,100,000 Treasury preference share, at cost, 100 shares 110,000 Ordinary share capital, no par (at issue price), 3,000 shares 600,000 Accumulated profits 2,500,000 Due to the substantial amount of accumulated profits, the Board of Directors resolved to pay a 100% stock dividend on all outstanding shares, capitalizing amounts of accumulated profits equal to the par value of the preference shares and the issue price of the ordinary shares outstanding, and thereafter to pay a cash dividend of 10% on the preference shares and a cash dividend of P10 per ordinary share. What is the total shareholders' equity after effecting the dividend transactions