Solution-What to put for the net gain and loss on pbo

What to put for the net gain and loss on pbo

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Reference no: EM131746873

I was wondering if a tutor can help me with this pension plan worksheet I have to do for my accounting class. I have already completed most of the chart on excel and uploaded the file, I am just confused about what to put for the Net Gain and Loss on PBO. Can anyone help?

()s indicate			Prior				Net Pension
credits' debits	Plan		Service	Net	Pension		(Liability)/
otherwise	Assets	PBO	Cost	Gain	Expense	Cash	Asset
Balance, 1/1	mce_markernbsp; 1,500,000.00	$ (2,100,000.00)	mce_markernbsp; 150,000.00				$ (600,000.00)
Service cost		mce_markernbsp; (300,000.00)			mce_markernbsp; 300,000.00		$ (300,000.00)
Interest cost 8%		mce_markernbsp; (168,000.00)			mce_markernbsp; 168,000.00		$ (168,000.00)
EROA 10%	mce_markernbsp; 150,000.00				$ (150,000.00)		mce_markernbsp; 150,000.00
AROA 8%
Actual-Expected Return on Assets -2%	mce_markernbsp; (30,000.00)			mce_markernbsp; 30,000.00			mce_markernbsp; (30,000.00)
Amortization:
Prior service cost 10			mce_markernbsp; (15,000.00)		mce_markernbsp; 15,000.00
Net Gain 10
Loss on PBO
Prior service cost
Cash funding	mce_markernbsp; 450,000.00					$ (450,000.00)	450000
Retiree benefits	mce_markernbsp; (225,000.00)	mce_markernbsp; 225,000.00					$ (225,000.00)
balance, 12/31

Reference no: EM131746873

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What to put for the net gain and loss on pbo

Reference no: EM131746873

Reference no: EM131746873

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