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Electronic Distribution has a defined benefit pension plan. Characteristics of the plan during 2024 are as follows: The expected long-term rate of return on plan

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Electronic Distribution has a defined benefit pension plan. Characteristics of the plan during 2024 are as follows: The expected long-term rate of return on plan assets was 8%. There were no AOCl balances related to pensions on January 1, 2024, but at the end of 2024 , the company amended the pension formula, creating a prior service cost of $13 million. Calculate the pension expense for 2024 . Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (1.e., 10,000,000 should be entered as 10 ). 1 Record the pension expense. 2 Record gain or loss on PBO. 3 Record gain or loss on plan assets. 4 Record the prior service cost. 5 Record the funding. 6 Record the payment of benefits. What amount will Electronic Distribution report in its 2024 balance sheet as a net pension asset or net pension liability? Note: Enter your answer In millions (i.e., 10,000,000 should be entered as 10 ). Electronic Distribution has a defined benefit pension plan. Characteristics of the plan during 2024 are as follows: The expected long-term rate of return on plan assets was 8%. There were no AOCl balances related to pensions on January 1, 2024, but at the end of 2024 , the company amended the pension formula, creating a prior service cost of $13 million. Calculate the pension expense for 2024 . Note: Amounts to be deducted should be indicated with a minus sign. Enter your answers in millions (1.e., 10,000,000 should be entered as 10 ). 1 Record the pension expense. 2 Record gain or loss on PBO. 3 Record gain or loss on plan assets. 4 Record the prior service cost. 5 Record the funding. 6 Record the payment of benefits. What amount will Electronic Distribution report in its 2024 balance sheet as a net pension asset or net pension liability? Note: Enter your answer In millions (i.e., 10,000,000 should be entered as 10 )

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