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Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2024 (the end...

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Accounting

Beale Management has a noncontributory, defined benefit pension plan. On December 31, 2024 (the end of Beale's fiscal year), the following pension-related data were available:

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Required:

Prepare a pension spreadsheet to show the relationship among the PBO, plan assets, prior service cost, the net gain, pension expense, and the net pension asset.

Note: Enter credit amounts with a minus sign and debit amounts with a positive sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).

image

January1,2024,balances:PensionassetPriorservicecost-AOCI(amortization$4peryear)Netgain-AOCI(anyamortizationover10years)($inmillions)$2020104

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