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The following refers to the pension spreadsheet (columns have missing amounts) for the current year for Pancho Villa Enterprises (PVE). Plan Prior Service Cost Net
The following refers to the pension spreadsheet (columns have missing amounts) for the current year for Pancho Villa Enterprises (PVE). Plan Prior Service Cost Net Pension (Liability)/ Asset PBO Net Pension (Gain)/Loss Expense Cash 57 Assets 452 62 52 (87) (27) 57 5 ($ in millions) Debit/Credit) Beginning balance Service cost Interest cost Expected return on assets Gain/loss on assets Amortization of: Prior service cost Net gain/loss Loss on PBO Contributions to fund Retiree benefits paid Ending balance (2) (67) 42 (532) 58 124 What was PVE's pension expense for the year? What was PVE's pension expense for the year? Multiple Choice $52 million. $67 million. $244 million $63 million
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