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Prepare the appropriate journal entry to record tops pension

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Reference no: EM13847426

Top Foods has an underfunded pension plan. The pension expense is $58 million. This amount includes a $60 million service cost, a $40 million interest cost, a $45 million reduction for the expected return on plan assets, and a $3 million amortization of a prior service cost.

Required: Prepare the appropriate journal entry to record Top's pension expense.

Reference no: EM13847426

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