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The following items appear on Brueggen Company's financial statement Under the caption Assets: Pension asset/liability. Under the caption Liabilities: Pension asset/liability. Under the caption Stockholders'

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The following items appear on Brueggen Company's financial statement Under the caption Assets: Pension asset/liability. Under the caption Liabilities: Pension asset/liability. Under the caption Stockholders' Equity: Prior service cost as a component of Accumulated Other Comprehensive Income. On the income statement: Pension expense. Instrucitons Explain the significance of each of the items above on corporate financial statements

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