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00 Line UVWY HITTITUIT ppies me quesuulis Uisplayeu veuw. Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside
00 Line UVWY HITTITUIT ppies me quesuulis Uisplayeu veuw. Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2021: Part 7 of 7 Prior service cost at Jan. 1, 2021, from plan amendment at the beginning of 2019 (amortization: $6 million per year) Net loss-pensions at Jan. 1, 2021 (previous losses exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate $40 million $58 million 10 years 104 1.91 points ($ in millions) Plan Assets $200 eBook Beginning of 2021 Service cost Interest cost, 10% Loss (gain) on PBO Less: Retiree benefits End of 2021 PBO $380 Beginning of 2021 56 Return on plan assets, 38 9.0 (104 expected) (2) Cash contributions (42) Less: Retiree benefits $430 End of 2021 References 18 64 (42) $240 Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2022 ($ in millions) Plan Assets $240 Beginning of 2022 Service cost Interest cost, 10% Loss (gain) on PBO Less: Retiree benefits End of 2022 PBO $430 46 43 4 (24) $499 Beginning of 2022 Return on plan assets, 15% (10% expected) Cash contributions Less: Retiree benefits End of 2022 36 38 (24) $290 7. Prepare a pension spreadsheet to assist you in determining end of 2022 balances in the PBO, plan assets, prior service cost-AOCI, the net loss-AOCI, and the pension liability. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered as 5.5). Enter credit amounts with a minus sign and debit amounts with a positive sign.) ($ in millions) PBO Plan Assets Prior Service Cost-AOCI Net Loss -AOCI Pension Expense Cash Net Pension (Liability) Asset Bal., Jan. 1, 2022 Service cost Interest cost, 10% % Expected return on assets Gain on assets Amortization of Prior service cost-AOCI - Net loss AOCI Loss on PBO Cash contributions Retiree benefits Bal. Dec 31, 2022
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