On January 1, 2020, before adoption of PAS19R, Church Company had a projected benefit obligation of P4,350,000 and pension plan assets with a fair value of P2,650,000. The entity had unrecognized past service cost of P450,000 and an unrecognized actuarial gain of p150,000. The entity declared to adopt PAS 19R on January 1, 2020. What is included in the journal

Sep 8, 2023

On January 1, 2020, before adoption of PAS19R, Church Company had a projected benefit obligation of P4,350,000 and pension plan assets with a fair value of P2,650,000. The entity had unrecognized past service cost of P450,000 and an unrecognized actuarial gain of p150,000. The entity declared to adopt PAS 19R on January 1, 2020. What is included in the journal entry to effect the initial adoption on January 1, 2020 of PAS 19R?

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On January 1, 2020, before adoption of PAS19R, Church Company had a projected benefit obligation of P4,350,000 and pension plan assets with a fair value of P2,650,000. The entity had unrecognized past service cost of P450,000 and an unrecognized actuarial gain of p150,000. The entity declared to adopt PAS 19R on January 1, 2020. What is included in the journal
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