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ABC has the following information related to its defined benefit pension plan: Prior service cost is being amortized over a remaining service life of 8

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ABC has the following information related to its defined benefit pension plan: Prior service cost is being amortized over a remaining service life of 8 years. The average service lives for current employees is 10 years. The minimum amount of gain/loss required under current GAAP is amortized each year. Assume the company funds 90% of pension expense. Make the journal entry to record pension expense for the year. ABC has the following information related to its defined benefit pension plan: Prior service cost is being amortized over a remaining service life of 8 years. The average service lives for current employees is 10 years. The minimum amount of gain/loss required under current GAAP is amortized each year. Assume the company funds 90% of pension expense. Make the journal entry to record pension expense for the year

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