Presented below is information related to Peach Corporation's defined benefit pension plan for calendar 2017.The corporation uses IFRS. The fair value of the plan assets at December 31, 2017 is

Question

Presented below is information related to Peach Corporation's defined benefit pension plan for calendar 2017.The corporation uses IFRS.  The fair value of the plan assets at December 31, 2017 is

Quizplus · Accepted Answer

The question does not provide any information on the plan's benefit obligation or funded status, so we cannot determine whether the fair value of plan assets is sufficient to cover the benefit obligation. However, the fair value of plan assets at December 31, 2017 is provided and is stated to be $174,000. Therefore, the best choice is B, $174,000.

Presented Below Is Information Related to Peach Corporation's Defined Benefit