Question: The following incomplete (columns have missing amounts) pension spreadsheet is for Old Tucson Corporation (OTC). Prior Plan Assets Service Cost Net (Gain) loss 73 Pension

The following incomplete (columns have missing amounts) pension spreadsheet is for Old Tucson Corporation (OTC). Prior Plan Assets Service Cost Net (Gain) loss 73 Pension Expense Net Pension (Liability)/Asse Cash PBO (550) 77 (28) (4.50) ($ in millions) debit (Credit) Beginning balance Service cost Interest cost Expected return on assets Gain/loss on assets Amortization of: Prior service cost Net gain/loss Loss on PBO Contributions to fund Retiree benefits paid Ending balance (11) (30) 30 (71) 53 (53) 317 (633) 69 93 93 (316) What was the balance of the net pension asset/liability reported in the balance sheet at the end of the previous year? Multiple Choice Net pension liability of $283.50 million. Net pension liability of $477.00 million. O O Net pension asset of $283.50 million. Net pension asset of $477.00 million. O
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