17-2 - of the year PBO $80 Service cost 10 Interest cost 4...

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BRIEF EXERCISES Brief Exercise 17-1 ($ in millions) Beginning of the year PBO $80 Service cost 10 Interest cost 4 (5% x $80) Loss (gain) on PBO 0 Less: Retiree benefits (6 ) End of the year PBO $88 Brief Exercise 17-2 ($ in millions) Beginning of the year PBO $80 Service cost ? Interest cost 4 (5% x $80) Loss (gain) on PBO 0 Less: Retiree benefits (6 ) End of the year PBO $85 Service cost = $85 – 80 – 4 + 6 = $7 million Brief Exercise 17-3 ($ in millions) Beginning of the year PBO $80 Service cost 10 Interest cost 4 (5% x $80) Loss (gain) on PBO 0 Less: Retiree benefits ( ? ) End of the year PBO $85 Retiree benefits = $85 – 80 – 4 – 10 = $9 million
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Brief Exercise 17-4 ($ in millions) Beginning
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Unformatted text preview: of the year PBO $80 Service cost 10 Interest cost 4 (5% x $80) Loss (gain) on PBO ? Less: Retiree benefits (6 ) End of the year PBO $85 Gain = $85 – 80 – 10 – 4 + 6 = $3 million Brief Exercise 17-5 ($ in millions) Plan assets Beginning of the year $80 Actual return 4 (5% x $80) Cash contributions 7 Less: Retiree benefits (6 ) End of the year $85 Brief Exercise 17-6 ($ in millions) Plan assets Beginning of the year $80 Actual return 4 (5% x $80) Cash contributions 7 Less: Retiree benefits ( ? ) End of the year $83 Retiree benefits = $83 – 80 – 4 – 7 = $8 million...
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This note was uploaded on 03/20/2012 for the course ACCT 201 taught by Professor Inga during the Spring '12 term at VCU.

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17-2 - of the year PBO $80 Service cost 10 Interest cost 4...

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