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svlad2 [7]
3 years ago
7

Bingo Land Inc. has a defined benefit pension for their employees. For the fiscal year 2019, the PBO beginning balance was $1,80

0. During the year, Service cost was $400. There was a Loss on PBO of ($150) during the year. The discount rate used by the actuaries is 6%. Plan assets had a beginning balance of $1,200 for 2019. The plan return was $ 144 with an expected return of $96 for the year. The net loss on pension beginning balance was ($50) at 1/1/2019. Bingo Land contributed $ 50 to plan assets at the end of the year. What is the balance in Net pension Gain/(Loss) as of 12/31/2019

Business
1 answer:
Umnica [9.8K]3 years ago
8 0

Answer:

Ending balance is $152

Explanation:

The table is attached below

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