Beale management has a noncontributory, defined benefit pension plan. on december 31, 2018 (the end of beale's fiscal year), the following pension-related data were available:
projected benefit obligation ($ in millions)
balance, january 1, 2018 $ 720
service cost 74
interest cost, discount rate, 5% 36
gain due to changes in actuarial assumptions in 2018 (20 )
pension benefits paid (36 )
balance, december 31, 2018 $ 774
plan assets ($ in millions)
balance, january 1, 2018 $ 740
actual return on plan assets 46
(expected return on plan assets, $51)
cash contributions 87
pension benefits paid (36 )
balance, december 31, 2018 $ 837
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Beale management has a noncontributory, defined benefit pension plan. on december 31, 2018 (the end...
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