(b) Explain how the non-payment of contributions and the change in the pension benefits sh

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(b) Explain how the non-payment of contributions and the change in the pension benefits should be treated in

the financial statements of Savage for the year ended 31 October 2005. (4 marks)

参考答案:

(b) The contributions payable by Savage to the trustees will not count as an asset for the purposes of the valuation of the fund.IAS19 (paragraph 103) states that plan assets should not include unpaid contributions due from the reporting entity to thefund

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