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

question 21

Multiple Choice

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

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