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How much is the net service cost to be reflected

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Reference no: EM132761879

The following are the relevant figures on the defined benefit plan of Mango Company:

Fair Value of Plan Assets, January 1 - 7450000

Contributions made during the period - 325000

Payment made for settlement of obligations - 225000

Actual Returns- 850000

Ending balance- 8, 400,000

Projected Benefit Obligation, January 1 - 6900000

Past Service Costs - 31000

Current Service Costs - 225000

Interest Expense on PBO - 759000

Actuarial Gain - 40000

Present Value of Settled Obligation- 275000

Ending balance- 7600000

Problem 1: How much is the Net Service Cost to be reflected in the 2019 Statement of Comprehensive Income?

Problem 2: How much is the Net Interest Expense to be reflected on the 2019 Income Statement?

Problem 3: How much is the Net Remeasurements to be reflected on the 2019 Income Statem

Reference no: EM132761879

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