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8 0 oints Actuary and trustee reports indicate the rowowing changes in the rou anu pian assets of manomes nousures ouning zuen. Prior service
8 0 oints Actuary and trustee reports indicate the rowowing changes in the rou anu pian assets of manomes nousures ouning zuen. Prior service cost at January 1, 2024, from plan amendment at the beginning of 2021 (amortization: $10 million per year) Net loss-AOCI at January 1, 2024 (previous losses exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate $70 million $ 300 million 10 years (in millions) 04.04.22 PBO Plan Assete Beginning of 2024 $ 1,200 Beginning of 2024 $1,000 Service cost 86 Return on plan assets, 88 (10% expected) 80 Interest cost, 78 84 ebook Hint Print Loss (gain) on PBO End of 2024 (20) Cash contributions Less: Retiree benefits (50) $1,300 Less: Retiree benefits End of 2024 (50) #1,126 References Required: 1-a. Determine Mahomes's pension expense for 2024. 1-b, 2. to 4. Prepare the appropriate journal entries to record the pension expense, to record any 2024 gains and losses, to record the cash contribution to plan assets and to record retiree benefits. Complete this question by entering your answers in the tabs below. Req 1A Req 18 and 2 to 4 Determine Mahomes's pension expense for 2024. Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (.e 10,000,000 should be entered as 10). Check my we
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