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Q18: Pensions Homework Unanswered Bingo Land Inc. has a defined benefit pension for their employees. For the fiscal year 2019, the PBO beginning balance was
Q18: Pensions Homework Unanswered Bingo Land Inc. has a defined benefit pension for their employees. For the fiscal year 2019, the PBO beginning balance was $1,800. During the year, Service cost was $400. There was a Loss on PBO of ($150) during the year. The discount rate used by the actuaries is 6%. Plan assets had a beginning balance of $1,200 for 2019. The plan return was $144 with an expected return of $96 for the year. The net loss on pension beginning balance was ($50) at 1/1/2019. Bingo Land contributed $ 50 to plan assets at the end of the year. What is the balance in Net pension Gain/(Loss) as of 12/31/2019? o A ($150) O B ($ 50) ($ 200) O D ($152) O E ($102) Unanswered Submit
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