The projected benefit obligation was $80 million at the beginning of the year and $85 million at the end of the year. Service cost for the year was $10 million. At the end of the year, pension benefits paid by the trustee were $6 million. The actuary’s discount rate was 5%. At the end of the year, the actuary revised the estimate of the percentage rate of increase in compensation levels in upcoming years. What was the amount of the gain or loss the estimate change caused?

None

The projected benefit obligation and plan assets were $200 million and $280 million, respectively, at the beginning of the year. Due primarily to favorable stock market performance in recent years, there also was a net gain of $74 million. On average, employees' remaining service life with the company is 10 years. As a result of the net gain, what was the increase or decrease in pension expense for the year? Note: Amounts to be deducted should be indicated with a minus sign. Enter your answer in millions (i.e., 10,000,000 should be entered as 10). Net gain Corridor amount Excess, if any Service period (years) Amortization of net gain decreases pension expense by Amortization of net gain increases pension expense by ($ in millions)

The following information pertains to Havana Corporation's defined benefit pension plan: ($ in thousands) Projected benefit obligation Plan assets Prior service cost-AOCI Net loss-AOCI Multiple Choice $530 thousand. $648 thousand. At the end of 2021, Havana contributed $670 thousand to the pension fund and benefit payments of $624 thousand were made to retirees. The expected rate of return on plan assets was 10%, and the actuary's discount rate is 8%. There were no changes in actuarial estimates and assumptions regarding the PBO. What is Havana's 2021 actual return on plan assets? $1,154 thousand. 2021 Beginning balances $(6,300) 6,060 630 750 None of these are correct. $ 2022 Beginning balances $ (6,804) 6,636 565 816

) Maytag Service Co. reported the following for its defined-benefit pension plan for 2021:               Settlement rate                                                                                                                                   3%             Expected rate of return on plan assets                                                                                        6.5%             Service cost                                                                                                                             $750,000             Actual return on plan assets                                                                                                 $460,000             Benefits paid to retirees                                                                                                        $485,000             Average remaining service life of existing employees                                                     10 years             Projected…

Meman

Sagar

Harvey Hotels has provided a defined benefit pension plan for its employees for several years. At the end of the most recent year, the following information was available with regard to the plan: service cost: $6.2 million, expected return on plan assets: $1.2 million, actual return on plan assets: $1 million, interest cost: $1.4 million, payments to retired employees: $2 million, and amortization of prior service cost (created when the pension plan was amended causing a drop in the projected benefit obligation): $1.1 million. What amount should Harvey Hotels report as pension expense in its income statement for the year? A- 1.4 million B-7.5 million C- 7.7 million D- 8.7 million O A O B O C O D

The projected benefit obligation was $300 million at the beginning of the year. Service cost for the year was $17 million. At the end of the year, pension benefits paid by the trustee were $13 million and there were no pension-related other comprehensive income accounts. The actuary’s discount rate was 5%. What was the amount of the projected benefit obligation at year-end?

the warren groups pension expense is 78 million. the amount includes a 46 million service cost, a 60 million interest cost, a 34 million reduction for the expected return on plan assets, and a 6 million amoritization of a prior service cost. prepare the journal entry to record the pension expense?