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00 Harrison Forklift's pension expense includes a service cost of $12 million. Harrison began the year with a pension liability of $32 million (underfunded pension
00 Harrison Forklift's pension expense includes a service cost of $12 million. Harrison began the year with a pension liability of $32 million (underfunded pension plan). 10 points 1. Interest cost $8; expected return on assets, $6; amortization of net loss, $2. 2. Interest cost. $8; expected return on assets, $6; amortization of net gain, $2. 3. Interest cost, $8; expected return on assets, $6; amortization of net loss, $2; amortization of prior service cost, $3 million. eBook Required: Prepare the appropriate general journal entries to record Harrison's pension expense in each of the above independent situations regarding the other (non-service cost) components of pension expense ($ in millions): (lf no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Hint View transaction list Print x References 1 Prepare the appropriate journal entry to record pension expense in situation 1 above. ruation 1 2 Prepare the appropriate journal entry to record pension expense in situation 2 above. 3 Prepare the appropriate journal entry to record pension expense in situation 3 above. Credit 00 Harrison Forklift's pension expense includes a service cost of $12 million. Harrison began the year with a pension liability of $32 million (underfunded pension plan). 10 points 1. Interest cost $8; expected return on assets, $6; amortization of net loss, $2. 2. Interest cost. $8; expected return on assets, $6; amortization of net gain, $2. 3. Interest cost, $8; expected return on assets, $6; amortization of net loss, $2; amortization of prior service cost, $3 million. eBook Required: Prepare the appropriate general journal entries to record Harrison's pension expense in each of the above independent situations regarding the other (non-service cost) components of pension expense ($ in millions): (lf no entry is required for a transaction/event, select "No journal entry required in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Hint View transaction list Print x References 1 Prepare the appropriate journal entry to record pension expense in situation 1 above. ruation 1 2 Prepare the appropriate journal entry to record pension expense in situation 2 above. 3 Prepare the appropriate journal entry to record pension expense in situation 3 above. Credit
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