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

question 2

Multiple Choice

Presented below is information related to Peach Corporation's defined benefit pension plan for calendar 2020. The corporation uses IFRS. The balance of the defined benefit obligation at December 31, 2020 is

• A) $ 185,000.
• B) $ 187,000.
• C) $ 207,000.
• D) $ 245,000.

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Definitions:

Ceteris Paribus

A Latin phrase meaning "all other things being equal," used in economics to analyze the effect of one variable on another while holding other relevant factors constant.

Economic Variables

Quantitative measures that represent a characteristic of the economy or a part of the economy, influencing or describing economic activity.

Positive Economic Analysis

An objective approach to economics that focuses on describing and explaining economic phenomena without making normative judgments.

Fallacy of Composition

Erroneous view that what is true for the individual (or the part) will also be true for the group (or the whole).