Business, 27.11.2019 20:31 madscharcks00

Required information [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: $6 million per year) $ 46 million net loss–pensions at jan.1, 2018 (previous losses exceeded previous gains) $ 64 million average remaining service life of the active employee group 10 years actuary’s discount rate 10 % ($ in millions) pbo plan assets beginning of 2018 $ 440 beginning of 2018 $ 300 service cost 62 return on plan assets, interest cost, 10% 44 8.0% (10% expected) 24 loss (gain) on pbo (4 ) cash contributions 78 less: retiree benefits (52 ) less: retiree benefits (52 ) end of 2018 $ 490 end of 2018 $ 350 2. determine the new gains and/or losses in 2018 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., 10,000,000 should be entered as

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