Pharoah 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
Pharoah follows IFRS
Prepare all pension journal entries recorded by Pharoah in
December
To record defined benefit expense
December
To record contributions paid