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  3. the following information concerns blossom corp.'s

The following information concerns Blossom Corp.'s defined benefit pension plan. On January 1,2023,...

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Accounting

The following information concerns Blossom Corp.'s defined benefit pension plan.
On January 1,2023, the company amended its pension plan, which resulted in a reduction in prior service benefits for current
employees. The present value of the reduced benefits is $34,000.
(a)
Calculate the defined benefit expense that will be reported in net income for 2023 if Blossom applies IFRS.
Defined benefit expense
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