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Electronic Distribution has a defined benefit pension plan. Characteristics of the plan during 2 0 2 4 are as follows: The expected long - term
Electronic Distribution has a defined benefit pension plan. Characteristics of the plan during are as follows:
The expected longterm rate of return on plan assets was There were no AOCl balances related to pensions on January
but at the end of the company amended the pension formula, creating a prior service cost of $ million.
Required:
Calculate the pension expense for
Prepare the journal entries to record a pension expense, b gains or losses, c prior service cost, d funding, and e payment of
benefits for
What amount will Electronic Distribution report in its balance sheet as a net pension asset or net pension liability?
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