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25 2.5 pts Sea Lion's pension expense includes a service cost of $27 million and interest cost of $23 million. Sea Lion began the year
25 2.5 pts Sea Lion's pension expense includes a service cost of $27 million and interest cost of $23 million. Sea Lion began the year with a net pension liability of $47 million (underfunded pension plan). During the year, expected return on assets was $17 million; amortization of net loss amounted to $6 million; and amortization of prior service cost were $7 million. The appropriate journal entry to record Sea Lion's pension expense would include: O Credit to PBO $17 million Debit to pension expense $46 Debit to pension expense $50 None of the options listed. O Debit to amortization of prior service cost $7 million
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