Question: please show step by step solution Unanswered Question cific Productions has a noncontributory, defined benefit pension plan. On December 31, 2018 the end of Pacific's
Unanswered Question cific Productions has a noncontributory, defined benefit pension plan. On December 31, 2018 the end of Pacific's cal year, the following pension-related data were available in millions) Projected Benefit Obligation Balance, Jan 1. 2018 Service cost $240 141 interest Coll discount rate. S 12 Gain due to actuarial changes in assumptions (5) Pension benefits paid (20) Balance D. 31. 2018 $268 Plan Asset Balance, Jan. 1. 2018 $250 Actual return on plan assets 20 Expected return on placassets $22.5) 35 Cash contributions Pension Benefits Paid (20) Balance. De. 31. 2018 285 Jan. 1. 2018. Balances Prior Service Cost amortization 54 per year $24 Net gain any amortization over 15 years 40 Required: Show detailed solutions to contents 15 Determine the pensioner. martwe 2018 Jourral entry to record pension expense. 2] Prepare the 2018 joumal entry to record the contribution to planas 30 Prepare the rulentries to record 2010 am and loss BA ND AC192h Menach NP AC19 20
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