Question

Check my work Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2018 Prior service cost at Jan. 1, 2018, from plan amendment at the beginning of 2016 (amortization: $6 million per year) Net loss-pensions at Jan.1, 2018 (previous losses exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate $40 mi11ion $58 million 10 years 101 ($ in millions) Pla PBO Ass $380 Beginning of 2018 $200 Beginning of 2018 Service cost Interest cost, 108 Loss (gain) on PBO Less: Retiree benefits End of 2018 56 Return on plan assets, 38 9.08 (10 expected) (2) Cash contributions 18 64 42 (42) Less: Retiree benefits $430 End of 2018 $240 Problem 17-16 Part7 7. Prepare a pension spreadsheet to assist you in determining end of 2018 balances in the PBO, plan assets, prior service cost-AOCI the net loss-AOCI, and the pension liability. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Enter credit amounts with a minus sign and debit amounts with a positive sign,) of 20 Next > < Prev 18

Answer 1

Answer