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TB Problem 17-182 (Static) Wainright Co. began the year with a net pension liability of $112 million (underfunded pension plan). Pension expense for the year

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TB Problem 17-182 (Static) Wainright Co. began the year with a net pension liability of $112 million (underfunded pension plan). Pension expense for the year included the following ($ in millions): service cost, $40; interest cost, $24; expected return on assets, $16; amortization of net loss, $8; amortization of prior service cost, $12. Required: Prepare the appropriate general journal entry to record Wainright's pension expense. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.) Credit No Transcation 1 1 Debit 68 X Answer is not complete. General Journal Pension expense Amortization of net gain - OCI X Amortization of prior service cost - OCI Pension expense &X 12 48X

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