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The following incomplete (columns have missing amounts) pension spreadsheet is for Old Tucson Corporation (OTC). ($ in millions) debit (credit) PBO Plan assets Prior service
The following incomplete (columns have missing amounts) pension spreadsheet is for Old Tucson Corporation (OTC). |
($ in millions) debit (credit) | PBO | Plan assets | Prior service cost | Net (Gain) loss | Pension Expenses | Cash | Net Pension (Liability)/ Asset |
Beginning Balance | (600) | 88 | |||||
Service cost | 92 | ||||||
Interest cost | |||||||
Expected return on assets | (33) | ||||||
Gain/loss on assets | (7.00) | ||||||
Amortization of: | |||||||
Prior service cost | (16) | ||||||
Net gain loss | |||||||
Loss on PBO | (35) | 35 | |||||
Contribution to funds | (86) | ||||||
Retiree benefits paid | 63 | (63) | |||||
Ending balance | (690) | 346 | 84 | 108 | (344) | ||
What was the balance of the net pension asset/liability reported in the balance sheet at the end of the previous year? |
Net pension liability of $317.00.
Net pension asset of $317.00.
Net pension liability of $566.00.
Net pension asset of $566.00.
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