On January xyz Ltd reported the following balances relating to its
defined benefit pension plan:
Dec. Jan.
Defined benefit obligation $ $
Fair value of plan assets
Current service cost $
Contributions to the plan
Benefits paid
Actual return on plan assets b
Interest discount rate a
Defined benefit expense c
Instructions
a Calculate the discount rate.
b Calculate the actual return on plan assets.
c Calculate the defined benefit expense for
d Prepare the journal entries to record the defined benefit expense and the
contributions for
