Which elements of warrick balance sheet are affected

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Reference no: EM132727542

Warrick Boards calculated pension expense for its underfunded pension plan as follows:

($ in millions)Service cost $244

Interest cost 160

Expected return on the plan assets ($110 actual, less $6 gain) (104)

Amortization of prior service cost 10

Amortization of net loss 2 Pension expense $312

Required:

Problem 1: Which elements of Warrick's balance sheet are affected by the components of pension expense? What are the specific changes in these accounts? (Enter your answers in millions.)

Reference no: EM132727542

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