Presented below is pension information related to Bowen Corp. for the calendar year 2020. The corporation uses
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Presented below is pension information related to Bowen Corp. for the calendar year 2020. The corporation uses IFRS.
• Current service cost $ 204,000
• Discount (interest) rate 9%
• Defined benefit obligation. Jan 1 $ 1.800.000
Benefits paid to retirees 100,000
Past service cost (effective Jan 1) 50.000
The pension expense to be reported for 2020 is.
Related Book For
South Western Federal Taxation 2016 Corporations Partnerships Estates and Trusts
ISBN: 9781305399884
39th edition
Authors: James Boyd, William Hoffman, Raabe, David Maloney, Young
Posted Date: