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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 $ in millions PBO Plan Assets Beginning of $ Beginning of $ Service cost Return on plan assets, expected Interest cost, Loss 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.
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
$ in millions
PBO Plan Assets
Beginning of $ Beginning of $
Service cost Return on plan assets, expected
Interest cost,
Loss 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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