The following refers to the pension spreadsheet columns

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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 (credit)
PBO Plan
Assets
Prior
Service
Cost
Net
(Gain)
Loss
Pension
Expense
Cash Net
Pension
(Liability)
Asset
  Beginning balance
450 60 55

50
  Service cost (85)





  Interest cost (25)





  Expected return on assets
55




  Gain/loss on assets


3


  Amortization of:






     Prior service cost






     Net gain/loss


(1)


  Loss on PBO (65)





  Contributions to fund
40




  Retiree benefits paid






  Ending balance

(530)

 

54  

122

 

 

 

What is the PBO at the beginning of the year? a. 160, b. 400, c. 500, d. 610

Reference no: EM13574229

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