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Assignment help 4952

I need help with a few questions. This is an international firm and uses IFRS accounting standards.

If Jones Inc. had reported under IFRS, its 2013 balance sheet will report a:

$804 million asset;

$804 million liabilities;

$313 million asset;

$313 million liabilities;

$19,282 million asset;

The net adjustment to net income in the cash flow statement to reconcile net income to operating cash flow related to the pension plan is:

920 million

293 million

627 million

804 million

495 million

The estimated increase in the pension obligation due to benefits earned by current employees of Jones Inc. in 2013 is:

920 million

293 million

627 million

804 million

495 million

In 2013, the actual return on plan assets is:

2,738 million

2,920 million

182 million

804 million

495 million

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