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The following information incomplete (columns have missing amounts) pension spreadsheet is for Old Tucson Corporation (OTC). Fill in the missing amounts and make a journal
The following information incomplete (columns have missing amounts) pension spreadsheet is for Old Tucson Corporation (OTC). Fill in the missing amounts and make a journal entry for annual pension expense.
Pension Expense Cash OCI PSC PBO Plan Asset Pension Gain/Loss Asset/Liability 58,000,000 -500,000,000 Beg Balance Service Cost Interest Cost 62,000,000 Actual Return on Assets | -25,000,000 -2,000,000 6,000,000 25,000,000 Unexpected Gain/Loss Amortization of PSC Net Gain/Loss Loss on PBO Contribution to fund Retiree benefits paid Journal Entries Ending Balance | -56,000,000 43,000,000 54,000,000 78,000,000 -286,000,000 -574,000,000 288,000,000Step by Step Solution
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