Persoff industries internation has a defined benefit pesnion

Reference no: EM131018992

Persoff Industries Internation has a defined benefit pesnion plan. the company revised its estimate of future salary levels causing its defined benefit obligation to increase by $16 million. also, persoff's $25 million actual return on plan assets exceeded the $22 million expected return. persoff prepares its financial statements in accordance with international financial reporting standards, the comapny will

A. report an unrecognized net loss as an offset to the net pension leability in the liavility section of the balance sheet

B. recored a $3 million decrese in its plan asets

C. record a $16 million gain 0OCI

D. Report an unrecognized net gain as an increase in the net pension asset in the liability section of the balance sheet

Reference no: EM131018992

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