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Harrison Forklift's pension expense includes a service cost of $19 million. Harrison began the year with a pension liability of $46 million (underfunded pension plan)
Harrison Forklift's pension expense includes a service cost of $19 million. Harrison began the year with a pension liability of $46 million (underfunded pension plan) 1 Interest cost, $7; expected return on assets, $13; amortization of net loss, $4. 2. Interest cost, $15; expected return on assets, $11; amortization of net gain, $4 3. Interest cost, $15; expected return on assets, $11; amortization of net loss, $4; amortization of prior service cost, $5 million Required: Prepare the appropriate general journal entries to record Harrison's pension expense in each of the following independent situations regarding the other components of pension expense ($ in millions): (If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) View transaction list View journal entry worksheet No Transaction General Journal Debit Credit Pension expense Plan assets PBO Amortization of net loss-OCI 2 2 Pension expense Plan assets Amortization of net gain-OCl PBO Pension expense Plan assets PBO Amortization of net loss-OCI Amortization of prior service cost-oCI
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