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This is one question with several parts, each broken apart. I need help with all that are posted. thank you. [The following information applies to

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This is one question with several parts, each broken apart. I need help with all that are posted. thank you.
[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 2018 Prior service cost at Jan. 1. 2018, from plan amendment at the beginning of 2016 (Amortization: 5 million per year) Net 10ss-pensions at Jan. 2018 (previous losses exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate $39 million $47 million 10 years 101 ($ in millions) Plan Assets $200 Beginning of 2018 Service cost Interest coat, 104 Loss (gain) on PBO Less: Retiree benefits End of 2018 PBO $370 Beginning of 2018 49 Return on plan assets, 37 9.56 (10% expected) (3) Cash contributions (33) Less: Retiree benefits $420 End of 2018 $250 5. Determine the new gains and/or losses in 2019 and prepare the appropriate journal entry(s) to record them. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions (ie., 10,000,000 should be entered as 10).) 5. Determine the new gains and/or losses in 2019 and prepare the appropriate journal entry(s) to record them. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,00 should be entered as 10).) View transaction list 1 Record the losses. 2 Record the gains. Prior service cont at Jan. 1. 2018, from plan amendment at the beginning of 2016 (amortization: $5 million per year) Net loss-pensions at Jan. 1, 2018 [previous losses exceeded previous gaina) Average remaining service life of the active employee group Actuary's discount rate $39 million $47 million 10 years ($ in millions) Plan Assets $200 PBO $370 Beginning of 2018 49 Return on plan assets, 9.5 (105 expected) (3) Cash contributions (33) Less: Retiree benefits End of 2018 37 Beginning of 2018 Service coat Interest cost, 100 Loss (gain) on PBO Leas: Retiree benefits End of 2018 9. (33) $250 6. Using T-accounts, determine the balances at December 31, 2019, in the net loss-AOCI and prior service cost-AOCI. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered os 5.5).) Net Loss AOCI Bal Jan 1 Bal. Dec. 31 Prior Service Cost-AOCI Bal. Jan. 1 Bal. Dec. 31 ($ in millions) Plan Assets $200 Beginning of 2018 Service cost Interest cost, 10% Loss (gain) on PBO Less: Retiree benefits End of 2018 PBO $370 Beginning of 2018 49 Return on plan assets, 37 9.58 (10% expected) (3) Cash contributions (33) Less: Retiree benefits $420 End of 2018 7. Prepare a pension spreadsheet to assist you in determining end of 2018 balances in the PBO. plan assets, prior service cost-AOCI, the net loss-AOCI, and the pension liability. (Enter your answers in millions rounded to 1 decimal place (.e., 5,500,000 should be entered as 5.5). Enter credit amounts with a minus sign and debit amounts with a positive sign.) (5 in millions) PBO Plan Assets Prior Service Cost-AOCI Net Loss -AOCI Pension Expense Cash Net Pension (Liability) Asset Bal., Jan 1, 2019 Service cost Interest cost, 10% Expected return on assets Gain on assets Amortization of Prior service cost-AOCI Net loss-AOCI Loss on PBO Cash contributions Retiree benefits Bal., Dec 31, 2019 [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 2018 Prior service cost at Jan. 1. 2018, from plan amendment at the beginning of 2016 (Amortization: 5 million per year) Net 10ss-pensions at Jan. 2018 (previous losses exceeded previous gains) Average remaining service life of the active employee group Actuary's discount rate $39 million $47 million 10 years 101 ($ in millions) Plan Assets $200 Beginning of 2018 Service cost Interest coat, 104 Loss (gain) on PBO Less: Retiree benefits End of 2018 PBO $370 Beginning of 2018 49 Return on plan assets, 37 9.56 (10% expected) (3) Cash contributions (33) Less: Retiree benefits $420 End of 2018 $250 5. Determine the new gains and/or losses in 2019 and prepare the appropriate journal entry(s) to record them. (If no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions (ie., 10,000,000 should be entered as 10).) 5. Determine the new gains and/or losses in 2019 and prepare the appropriate journal entry(s) to record them. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,00 should be entered as 10).) View transaction list 1 Record the losses. 2 Record the gains. Prior service cont at Jan. 1. 2018, from plan amendment at the beginning of 2016 (amortization: $5 million per year) Net loss-pensions at Jan. 1, 2018 [previous losses exceeded previous gaina) Average remaining service life of the active employee group Actuary's discount rate $39 million $47 million 10 years ($ in millions) Plan Assets $200 PBO $370 Beginning of 2018 49 Return on plan assets, 9.5 (105 expected) (3) Cash contributions (33) Less: Retiree benefits End of 2018 37 Beginning of 2018 Service coat Interest cost, 100 Loss (gain) on PBO Leas: Retiree benefits End of 2018 9. (33) $250 6. Using T-accounts, determine the balances at December 31, 2019, in the net loss-AOCI and prior service cost-AOCI. (Enter your answers in millions rounded to 1 decimal place (i.e., 5,500,000 should be entered os 5.5).) Net Loss AOCI Bal Jan 1 Bal. Dec. 31 Prior Service Cost-AOCI Bal. Jan. 1 Bal. Dec. 31 ($ in millions) Plan Assets $200 Beginning of 2018 Service cost Interest cost, 10% Loss (gain) on PBO Less: Retiree benefits End of 2018 PBO $370 Beginning of 2018 49 Return on plan assets, 37 9.58 (10% expected) (3) Cash contributions (33) Less: Retiree benefits $420 End of 2018 7. Prepare a pension spreadsheet to assist you in determining end of 2018 balances in the PBO. plan assets, prior service cost-AOCI, the net loss-AOCI, and the pension liability. (Enter your answers in millions rounded to 1 decimal place (.e., 5,500,000 should be entered as 5.5). Enter credit amounts with a minus sign and debit amounts with a positive sign.) (5 in millions) PBO Plan Assets Prior Service Cost-AOCI Net Loss -AOCI Pension Expense Cash Net Pension (Liability) Asset Bal., Jan 1, 2019 Service cost Interest cost, 10% Expected return on assets Gain on assets Amortization of Prior service cost-AOCI Net loss-AOCI Loss on PBO Cash contributions Retiree benefits Bal., Dec 31, 2019

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