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Actuary and trustee reports indicate the following changes in the PBO and plan assets of Douglas-Roberts Industries during 2018: $ 10 million $106 million 10
Actuary and trustee reports indicate the following changes in the PBO and plan assets of Douglas-Roberts Industries during 2018: $ 10 million $106 million 10 years Prior service cost at Jan. 1, 2018, from plan amendment at the beginning of 2015 (amortization: $2 million per year) Net loss-AOCI at Jan.1, 2018 (previous losses exceeded previous gains) Average romaining service life of the active employee group Actuary's discount rate 4% Plan Assets S 540 (S in millions) PBO 740 Beginning of 2018 Beginning of 2018 Service cost Return on plan assets, 64 27.0 103 (37) $633.0 5% (74 expected) Interest cost, 4 Loss (gain) on PBO Less: Retiree benefits End of 2018 29.6 (16) Cash contributions (37) Lose: Retiree S780.6 End of 2018 Required: 1-a. Determine Douglas-Roberts' pension expense for 2018 1b, 2. to 4. Prepare the appropriate journal entries to record the pension expense, to record any 2018 gains and losses, to record the Complete this ouestion hse
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