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Learning Objective $17-08$ Understand the interrelationships among the elements that constitute a defined benefit pension plan.

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The various elements of a pension plan$$projected benefit obligation, plan assets, prior service cost, gains and losses, pension expense, and the funded status of the plan$$are interrelated. One way to see how each element relates to the other is to bring each part together in a pension spreadsheet.

Knowledge Check $01$

Which of the following cause a$$decrease$$in the funded status of a defined benefit plan?

Note: Select all that apply.

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Amortization of Prior service cost$$AOCI

Amortization of Net loss$$AOCI

Contributions to fund

Expected return on plan assets

Gains on plan assets

Interest cost

Loss on PBO

Retiree benefits paid

Service cost