Using the following key, identify the effects of the following transactions or conditions on the various financial statement elements: I = increases; D = decreases; NE = no effect. Note that the questions pertain to the employer's financial statements, not to the pension plan's financial statements.

Transcribed Image Text:

Pension plan events or conditions (Analyze effect on current year only Shareholders' Assets Liabilities Equity Net Income Employees performing current servi Plan amendment grants retroactive benefits Projected benefit obligation accrues ce interest at the settlement rate Unexpected increases in PBO due to changes in actuarial assumptions Retired employees are paid benefits Contributions made to plan trustee Plan assets increase by expected return from investing Unexpected decrease in FMV of plan assets due to an asset loss Amortization of prior service cost Amortization of gain