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Problem - Harrison Forklift's pension expense includes a service cost of $24 million. Harrison began the year with a pension liability of $44 million (underfunded pension plan).
1. Interest cost, $12; expected return on assets, $18; amortization of net loss, $5.
2. Interest cost, $20; expected return on assets, $15; amortization of net gain, $5.
3. Interest cost, $20; expected return on assets, $15; amortization of net loss, $5; amortization of prior service cost, $6 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.
Who are the stakeholders in this situation? What is the effect of Wade's proposed change on income before taxes in the year of change?
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Prepare journal entries for the transactions listed above and the adjusting entries.
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at december 31 2010 sager co. had 1200000 shares of common stock outstanding. in addition sager had 450000 shares of
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