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Luciana Fashions calculated pension expense for its underfunded pension plan as follows: Service cost Interest cost Expected return on the plan assets ($100 actual, less
Luciana Fashions calculated pension expense for its underfunded pension plan as follows: Service cost Interest cost Expected return on the plan assets ($100 actual, less $10 gain) Amortization of prior service cost Amortization of net loss Pension expense Required: Which elements of Luciana's balance sheet are affected by the components of pension expense? What are the specific changes in these accounts? Note: Enter your answers in millions. by by ($ in millions) $ 224 150 (90) 8 2 $ 294 ($ in millions)
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