Question
($ in millions) PBO Plan Assets Prior Service Cost -AOCI Net Loss/Gain -AOCI Pension Expense Cash Beginning Balance 400 cr. 450 dr. 70 dr. 55
| ($ in millions)
| PBO | Plan Assets | Prior Service Cost -AOCI | Net Loss/Gain -AOCI | Pension Expense | Cash |
| Beginning Balance | 400 cr. | 450 dr. | 70 dr. | 55 dr. |
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| Service Cost | 85 cr. |
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| Interest Cost | 25 cr. |
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| Exp. Return on Assets |
| 55 dr. |
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| Amortization of: |
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| Prior Service Cost |
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| Net Loss |
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| 1 cr. |
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| Abn. Return on Assets |
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| 3 dr. |
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| Loss on PBO | 65 cr. |
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| Contributions to Fund |
| 40 dr. |
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| Retiree Benefits Paid |
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| Ending Balance | 530 cr. |
| 54 dr. | 122 dr. |
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| SEE THE following incomplete pension spreadsheet, what was the firm's pension expense?
a. | $85 million | |
| b. | $56 million | |
| c. | $62 million | |
| d. | $67 million | |
| e. | $72 million |
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Intermediate Accounting Reporting And Analysis, 2017 Update
Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach
2nd Edition
1337505625, 9781337505628
