P 17-16 Comprehensive (answer attached) - 14406

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Request Description

P 17-16 Comprehensive— reporting a pension plan; pension spreadsheet; determine changes in balances; two years Actuary and trustee reports indicate the following changes in the PBO and plan assets of Lakeside Cable during 2011: Prior service cost at Jan. 1, 2011, from plan amendment at the beginning of 2009 (amortization: $4 million per year) $32 million Net loss-pensions at Jan. 1, 2011 (previous losses exceeded previous gains) $40million Average remaining service life of the active employee group 10 years Actuary's discount rate 8% ($in millions) PBO Plan Assets Beginning of 2011 $300 Beginning of 2011 $200 Service cost 48 Return on plan assets. Interest cost, 8% 24 7.5% (10% expected) 15 Loss (gain) on PBO (2) Cash contributions 45 Less: Retiree benefits (20) Less: Retiree benefits (20) End of 2011 $350 End of 2011 $240

Solution Description

P 17-16 Comprehensive— reporting a pension plan; pension spreadsheet; determine changes in balances; two years Actuary and trustee reports indicate the followin

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Lakeside Cable.doc
Lakeside Cable....