Whitsunday Ltd provides defined superannuation benefits to two (2) of its employees which represents an entitlement of three times their final salary on retirement. The following details are relevant to the current superannuation obligation of the company for the two employees for the years ended 30 June 2011 and 2012:
In accordance with AASB 119 "Employee Benefits", what is the expected return and actuarial gain (loss) for the plan assets for the year ending 2012, respectively?
A) $21 200; $6 200
B) $21 200; ($6 200)
C) $23 200; $8 200
D) $23 200; ($8 200)
E) None of the given answers
Correct Answer:
Verified
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A) No contributions
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