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What is OTC's pension expense for the year? a. $15.50 million b. $88.50 million c. $94.50 million d. $82 million The following incomplete (columns have
What is OTC's pension expense for the year?
a. $15.50 million
b. $88.50 million
c. $94.50 million
d. $82 million
The following incomplete (columns have missing amounts) pension spreadsheet is for Old Tucson Corporation (OTC). Plan PBO Assets (550) Prior Service Pension Net Pension Cost Net (Gain) loss Expense Cash (Liability)/Asset 73 77 (28) ($ 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 (4.50) (11) (30) 30 (71) 53 (53) (633) 31769 9 3 (316)Step by Step Solution
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