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FV of plan assets, beg 700,000 PV pf defined benefit obligation, beg 550,000 FV of...

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Accounting

FV of plan assets, beg 700,000

PV pf defined benefit obligation, beg 550,000

FV of plan asset, end 1,200,000

PV pf defined benefit obligation, end. 800,000

Benefit Paid 100,000

Current benefit cost. 125,000

Past service cost 30,000

Contribution to the plan. 140,000

Discount rate 10%

The asset ceiling is 100,000 and 250,000 at the beginning and end of the year respectively.

Compute the following:

a. The amount reflected in the balance sheet?

b. Amount in P/L?

c. Amount in OCI?

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