Jamieson Corp

Jamieson Corp. sponsors a defined benefit plan for its employee group. The following data pertains to the plan's first 2 years in existence:


- The plan was started on January 1st, Year 1, with $20,000 of funding
- The company has a December 31st, year-end.
- The plan is non-contributory.
- The company's long-term debt is subject to a 6% discount rate.

-Jamieson's pension expense as per IFRS for Year 2 would be:

A) $5,338.
B) $1,338.
C) $49,438.
D) $4,000.

Correct Answer:

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