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QUESTION 13 (Questions 13 to 15) The following refers to the pension spreadsheet (columns have missing amounts) for the current year for Pancho Villa Enterprises

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QUESTION 13 (Questions 13 to 15) The following refers to the pension spreadsheet (columns have missing amounts) for the current year for Pancho Villa Enterprises (PVE). Net Prior Net ($ in millions) Plan Pension Pension PBO Service Cash debit (credit) Assets (Gain) Cost Loss Expense (Liability) Asset Beginning balance 450 60 55 50 Service cost (85) Interest cost (25) Expected return on assets 55 Gain/loss on assets 3 Amortization of: Prior service cost Net gain/loss Loss on PBO (65) Contributions to fund 40 Retiree benefits paid Ending balance (530) 54 122 (1) What was PVE's pension expense for the year? O A. $250. O B. $50. C. $68 OD. $62

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