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
Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.
You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.
Read moreEach paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.
Read moreThanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.
Read moreYour email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.
Read moreBy sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.
Read more