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What is the journal entry to record the pension cost

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Reference no: EM132614224

Question - The Warrant group's pension is $56 million. This amount includes a $56 million service cost, a $43 million interest cost, a $49 million reduction for the expected return on plan assets, and a $6 million amortization of a prior service cost.

Required -

1. Determine the components of pension expense that affects the net pension liability.

2. What is the journal entry to record the pension cost?

Reference no: EM132614224

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