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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: $ milion per year
Net lossAOCI at January previous losses exceeded previous gains
$ million
$ million
years
Average remaining service life of the active employee group
Actuary's discount rate
Required:
Determine Mahomes's pension expense for
b to Prepare the approprlate 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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Req and to
Determine Mahomes's pension expense for
Note; Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions ie should be entered as
tablePension ExpenseService costsInterest costActual return on assets,
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