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! 5 Required information (The following information applies to the questions displayed below.] Actuary and trustee reports indicate the following changes in the PBO and
! 5 Required information (The following information applies to the questions displayed below.] Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2018: Part 2 of 3 10 points Prior service cost at Jan. 1, 2018, from plan amendment at the beginning of 2016 (amortization: $5 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 $35 million $50 million 10 years 9% ($ in millions) PBO Plan Assets $150 Beginning of 2018 Service cost Interest cost, 9% Loss (gain) on PBO Less: Retiree benefits End of 2018 $200 Beginning of 2018 90 Return on plan assets, 18 8.0% (10% expected) (2) Cash contributions (6) Less: Retiree benefits $300 End of 2018 12 44 (6) $200 2. Determine the new gains and/or losses in 2018 and prepare the appropriate journal entry(s) to record them. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Kanal A AROAVAA a ini ! Required information 5 View transaction list Journal entry worksheet Part 2 of 3 10 points Record the losses. Note: Enter debits before credits. Transaction General Journal Debit Credit 1 Record entry Clear entry View general journal
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