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Asked by ttnikbabk5
Please help The following information relates to the defined...
Please help
The following information relates to the defined retirement benefit plan of Orchids Company as of December 31, 2021:
Net actuarial gain due to re-measurement of benefit obligation
and plan assets taken to OCI P123,000
Prior service cost due to amendment of plan included in
retirement benefit expense 443,000
Fair value of plan assets 2,557,000
Accrued benefit obligation 2,800,000
What amount should be shown in Orchids Company's statement of financial position at December 31, 2021 as Prepaid or Accrued Retirement Benefit Cost?
Solved by verified expert
Answered by Anthony_CPA
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