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The following refers to the pension spreadsheet (columns have missing amounts) for the current year for Pancho Villa Enterprises (PVE). ($ in millions) Debit
The following refers to the pension spreadsheet (columns have missing amounts) for the current year for Pancho Villa Enterprises (PVE). ($ in millions) Debit (Credit) Beginning balance Service cost Interest cost Expected return on assets Gain/loss on assets Prior Plan Service PBO Assets Cost 453 63 (88) (28) 58 Pension Net (Gain)/Loss Expense Cash 58 Net Pension (Liability)/ Asset 53 Amortization of: Prior service cost Net gain/loss Loss on PBO (68) Contributions to fund 43 Retiree benefits paid Ending balance (533) What were the retiree benefits paid? (1) 54 125
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