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Actuary and trustee reports indicate the following changes in the PBO and plan assets of Mahomes Industries during 2 0 2 4 : Prior service
Actuary and trustee reports indicate the following changes in the PBO and plan assets of Mahomes Industries during :
Prior service cost at January from plan amendment at the beginning of amortization: $ million per year
$ million
Net lossAOCI at January previous losses exceeded previous gains
$ million
Average remaining service life of the active employee group years
Actuary's discount rate
tabletabletable in millionsPBOPlan AssetsBeginning of $ Beginning of $ Service costtableReturn on plan assets, expectedInterest costLoss gain on PBO,Cash contributions,Less: Retiree benefits,Less: Retiree benefits,End of $ End of $
Required:
a Determine Mahomes's pension expense for
b to Prepare the appropriate journal entries to record the pension expense, to record any gains and losses, to record the cash contribution to plan assets and to record retiree benefits.
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