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Required Information [The following information applies to the questions displayed below.] Actuary and trustee reports Indicate the following changes in the PBO and plan assets
Required Information [The following information applies to the questions displayed below.] Actuary and trustee reports Indicate the following changes in the PBO and plan assets of Lakeside Cable during 2024 : Prior service cost at January 1, 2824, from plan amendment at the beginning of 2822 (amortization: \$7 million per year) Net loss-pensions at January 1, 2824 (previous losses exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate $49 million $67 million 16 years 16% (\$1n millions) Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2025 (\$1n millions) 7. Prepare a pension spreadsheet to assist you in determining end of 2025 balances in the PBO, plan assets, prior service cost-AOCl, the net loss-AOCl, and the pension llability. Note: Enter your answers in millions rounded to 1 decimal place (l.e., 5,500,000 should be entered as 5.5). Enter credit amounts wlth a minus sign and deblt amounts with a positive sign. Required Information [The following information applies to the questions displayed below.] Actuary and trustee reports Indicate the following changes in the PBO and plan assets of Lakeside Cable during 2024 : Prior service cost at January 1, 2824, from plan amendment at the beginning of 2822 (amortization: \$7 million per year) Net loss-pensions at January 1, 2824 (previous losses exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate $49 million $67 million 16 years 16% (\$1n millions) Assume the following actuary and trustee reports indicating changes in the PBO and plan assets of Lakeside Cable during 2025 (\$1n millions) 7. Prepare a pension spreadsheet to assist you in determining end of 2025 balances in the PBO, plan assets, prior service cost-AOCl, the net loss-AOCl, and the pension llability. Note: Enter your answers in millions rounded to 1 decimal place (l.e., 5,500,000 should be entered as 5.5). Enter credit amounts wlth a minus sign and deblt amounts with a positive sign
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