Zenith Company, a calendar-year entity, amends its defined benefit pension plan on January 1, 2019 and must recognize the increase in past service costs of its vested and non-vested employees as of that date in the calculation of its net 2019 pension expense (or revenue). The pertinent facts as of January 1, 2019 are: Calculate the past service costs included in 2019 net pension expense (or revenue) under IAS 19.
A) $5,100
B) $5,400
C) $600
D) $7,000

Question

Zenith Company, a calendar-year entity, amends its defined benefit pension plan on January 1, 2019 and must recognize the increase in past service costs of its vested and non-vested employees as of that date in the calculation of its net 2019 pension expense (or revenue). The pertinent facts as of January 1, 2019 are:  Calculate the past service costs included in 2019 net pension expense (or revenue) under IAS 19.
A) $5,100 
B) $5,400 
C) $600 
D) $7,000

Quizplus · Accepted Answer

The Answer of Zenith Company, a calendar-year entity, amends its defined benefit pension plan on January 1, 2019 and must recognize the increase in past service costs of its vested and non-vested employees as of that date in the calculation of its net 2019 pension expense (or revenue). The pertinent facts as of January 1, 2019 are:  Calculate the past service costs included in 2019 net pension expense (or revenue) under IAS 19.
A) $5,100 
B) $5,400 
C) $600 
D) $7,000

Zenith Company, a Calendar-Year Entity, Amends Its Defined Benefit Pension