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Burrito Corporation has a defined benefit pension plan. Burrito received the following information for the current calendar year: The expected long - term return on
Burrito Corporation has a defined benefit pension plan. Burrito received the following information for the current calendar year:
The expected longterm return on plan assets is There were no other relevant data for the year.
Required:
Determine Burrito's pension expense for the year.
Prepare the journal entries to record the pension expense and funding for the year.
Complete this question by entering your answers in the tabs below.
Required
Determine Burrito's pension expense for the year.
Note: Enter your answers in millions rounded to decimal places. Amounts to be deducted should be indicated with a minus
sign.
Prepare the journal entries to record the pension expense and funding for the year.
Note: Enter your answers in millions rounded to decimal places. If no entry is required for a transactionevent select No
journal entry required" in the first account field.
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