1 yamamoto company experienced an actuarial loss of yen750, Ask an Expert

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1. Yamamoto Company experienced an actuarial loss of ¥750 in its defined benefit plan in 2012. Yamamoto has elected to recognize these losses immediately. For 2012, Yamamoto's revenues are ¥125,000, and expenses (excluding pension expense of ¥14,000, which does not include the actuarial loss) are ¥85,000. What is the amount of net income that would be presented in Yamamoto's statement of comprehensive income for 2012, if the company recognizes the loss in other comprehensive income?

A. ¥125,000

B. ¥25,250

C. ¥26,000

D. ¥39,250

2. At January 1, 2012, Trevor Company had plan assets of €215,000 and a defined benefit obligation of the same amount. During 2012, service cost was €22,500, the discount rate was 10% actual and expected return on plan assets were €26,000, contributions were €20,000, and benefits paid were €19,500. Based on this information what would be the Defined Benefit obligation for Trevor Company for 2012?

A. €263,500

B. €239,500

C. €22,500

D. €259,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9949506

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