Rosek Inc. provides the following information related to its postretirement healthcare benefits for the year :
Defined postretirement benefit obligation at January
$
Plan assets, January
Actual return on plan assets,
Discount rate
Service cost,
Plan funding during
Payments from plan to retirees during
Actuarial loss on defined postretirement benefit obligation, end of year
Rosek follows IFRS.
Instructions
Calculate the postretirement benefit expense for
Calculate the postretirement benefit remeasurement gain or lossother comprehensive income for
Determine the December balance of the plan assets, the defined postretirement benefit obligation, and the plan surplus or deficit.
Determine the balance of the net postretirement benefit liabilityasset account on the December SFP
Reconcile the plan surplus or deficit with the amount reported on the SFP at December
