Warrick Boards calculated pension expense for its underfunded pension plan as follows: Which elements of...
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Accounting
Warrick Boards calculated pension expense for its underfunded pension plan as follows: Which elements of Warricks balance sheet are affected by the components of pension expense? What are the specific changes in these accounts?
Service cost
254
Interest cost
165
Expected return on the plan assets ($115 actual, less $7 gain)
(108)
Amortization of prior service cost
11
Amortization of net loss
2
Pension expense
324
Which elements of Warricks balance sheet are affected by the components of pension expense? What are the specific changes in these accounts?
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