The following data relate to Hick's Cable Company’s defined benefit pension plan:     ($ in millions) Plan assets at fair value, January 1 $ 790   Expected return on plan assets   79   Actual return on plan assets   63   Contributions to the pension fund (end of year)   138   Amortization of net loss   16   Pension benefits paid (end of year)   24   Pension expense   110       Required: Determine the amount of pension plan assets at fair value on December 31.

The following data relate to Ramesh Company's defined benefit pension plan: ($ in millions) $690 69 55 118 13 20 90 Plan assets at fair value, January 1 Expected return on plan assets Actual return on plan assets Contributions to the pension fund (end of year) Amortization of net loss Pension benefits paid (end of year) Pension expense Required: Determine the amount of pension plan assets at fair value on December 31. (Enter your answers in millions. Amounts to be deducted should be indicated with a minus sign.) Pension Plan Assets Beginning of the year End of the year

USLM Inc. has a defined benefit pension plan. At the end of the year 20X4, the pension fund assets were $7,860,000 and the defined benefit obligation was $7,345,000. Invoking the asset ceiling caps the net defined benefit asset at $353,000. Required: Prepare the journal entry to correctly recognize the net defined benefit asset. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) View transaction list Journal entry worksheet 1 Record the adjusting entry for net defined benefit asset. Note: Enter debits before credits. >

The following incomplete (columns have missing amounts) pension spreadsheet is for the current year for First Republic Corporation (FRC). ($ in millions)Debit(Credit)PBO Plan Assets Prior Service Cost Net(Gain)/Loss Pension Expense Cash Net Pension (Liability)/Asset Beginning balance (740)      32   (94)           Service cost                 66        Interest cost                 37        Expected return on assets     72                    Gain/loss on assets             (4)           Amortization of:                          Prior service cost         (10)               Net gain/loss             5            Loss on PBO (12)                       Contributions to fund                     (49)   Retiree benefits paid     (69)                   Ending balance     745       (85)             What was the net pension asset/liability reported in the balance sheet at the end of the year?   Multiple Choice Net pension liability of $41 million. Net pension asset of $58 million. Net pension…

Vinubhai

The following information relates to the pension plan for the employees of Blossom Company: Accum. benefit obligation Projected benefit obligation Fair value of plan assets AOCI - net (gain) or loss Settlement rate (for year) Expected rate of return (for year) 1/1/25 $7940000 8465000 7625000 O $26250. O $17456. O $20238. O $14188. 0 12/31/25 $8360000 9158000 9620000 (1382000) 11% 8% 12/31/26 $11300000 12707000 10754000 (1550000) 11% 7% Blossom estimates that the average remaining service life is 16 years. Blossom's contribution was $1323000 in 2026 and benefits paid were $987000. The amount of AOCI (net gain) amortized in 2026 is

The following Incomplete (columns have missing amounts) pension spreadsheet is for the current year for First Republic Corporation (FRC). ($ in millions) Debit (Credit) Beginning balance Service cost Interest cost Expected return on assets Gain/loss on assets Amortization of: Prior service cost Net gain/loss Loss on PBO Contributions to fund Retiree benefits paid Ending balance What was the actuary's Interest (discount) rate? Multiple Choice O 17% PBO (300) (12) Prior Plan Service Net Pension Net Pension Assets Cost (Gain)/Loss Expense Cash (Liability)/Asset 43 (185) 83 (88) 866 (11) (5) 6 (96) 77 51 (60)

Hicks Cable Company has a defined benefit pension plan. Three alternative possibilities for pension-related data at January 1, 2021, are shown below:    ($ in thousands)   Case 1 Case 2 Case 3 Net loss (gain)—AOCI, Jan. 1 $ 337   $ (407 ) $ 297   2021 loss (gain) on plan assets   (28 )   (25 )   5   2021 loss (gain) on PBO   (40 )   33     (301 ) Accumulated benefit obligation, Jan. 1   (3,120 )   (2,720 )   (1,620 ) Projected benefit obligation, Jan. 1   (3,480 )   (2,840 )   (1,870 ) Fair value of plan assets, Jan. 1   2,970     2,870     1,720   Average remaining service periodof active employees (years)   12     15     10      Required:1. For each independent case, calculate any amortization of the net loss or gain that should be included as a component of pension expense for 2021.2. For each independent case, determine the net loss—AOCI or net gain—AOCI as of January 1, 2022.

Dell Company adopted a defined benefit pension plan on January 1, 20X1. Dell amortizes the initial prior service cost of $1,334,400 over 16 years. It assumes a 7% discount rate and an 8% expected rate of return. The following additional data are available for 20X1: Service cost for 20x1 Prior service cost amortization Employer contribution made at 12/31/20X1 Required: Compute the pension asset (liability) to be reported on Dell's December 31, 20X1, balance sheet. (A net pension liability should be indicated by a minus sign.) Answer is complete but not entirely correct. $ Pension asset (liability) to be reported $320,000 83,400 335,000 1,412,808

Sandhill Co. had the following selected balances at December 31, 2021: Projected benefit obligation   $4,640,000 Accumulated benefit obligation   4,540,000 Fair value of plan assets   4,285,000 Accumulated OCI (PSC)   165,000 Calculate the pension asset/liability to be recorded at December 31, 2021. Pension                                                               $