Jamieson Corp.sponsors a defined benefit plan for its employee group. The following data pertains to the plan's first 2 years in existence: Jamieson's balance sheet as per IFRS for Year 2 would show an accumulated other comprehensive income (AOCI)balance of:
A) $3,300 dr.
B) $3,300 cr.
C) $4,638 dr.
D) $4,638 cr.

Question

Jamieson Corp.sponsors a defined benefit plan for its employee group. The following data pertains to the plan's first 2 years in existence:  Jamieson's balance sheet as per IFRS for Year 2 would show an accumulated other comprehensive income (AOCI)balance of:
A) $3,300 dr. 
B) $3,300 cr. 
C) $4,638 dr. 
D) $4,638 cr.

Quizplus · Accepted Answer

The Answer of Jamieson Corp.sponsors a defined benefit plan for its employee group. The following data pertains to the plan's first 2 years in existence:  Jamieson's balance sheet as per IFRS for Year 2 would show an accumulated other comprehensive income (AOCI)balance of:
A) $3,300 dr. 
B) $3,300 cr. 
C) $4,638 dr. 
D) $4,638 cr.