ELContinuity Schedules and Calculation of Defined Benefit Expense Rebek Corporation provides the following information about its defined benefit pension plan for the year :
Current service cost
Contribution to the plan
Past service cost, effective December
Actual return on plan assets
Benefits paid
Net defined benefit liability at January
Plan assets at January
Defined benefit obligation at January
$
Interestdiscount rate on the DBO and plan assets
Rebek follows IFRS.
Instructions
a Prepare a continuity schedule for for the defined benefit obligation.
b Prepare a continuity schedule for for the plan assets.
c Calculate defined benefit expense for the year
d Prepare all pension journal entries recorded by Rebek in
e What pension amount will appear on Rebek's SFP at December
