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a partially-completed pension spreadsheet showing the relationships among the elements that comprise the defined benefit Pension Plan of universal products is given below. The actuaries
a partially-completed pension spreadsheet showing the relationships among the elements that comprise the defined benefit Pension Plan of universal products is given below. The actuaries discount rate is 5%. At the end of 2016, the pension formula was amended creating the prior service cost of $280,000. the expected rate of return on assets was 8%, and the average remaining service life of the active employee group is 20 years in the current year as well as the previous two years.
find the amounts missing:
, Saved mework Llability Plan Service Net Loss Pension Cash PBO | Assets | Cost-AO -AOCI -Ex Expense 5 in 000s (260) (1 040)780 104 Balance, Jan 1, 2018 124 Service cost (52) Interest cost, 5% (52 40) Expected return on assets Adjust for 26 Loss on assets Arnortization Prior service cost Amortization Net loss 28 Gain on PBO Prior service cost (108) Cash funding Retiree benefts 252$ 780 62 (1,138) Balance, Dec. 31, 2018
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