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Prepare the appropriate general journal entry

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Question - Wainwright Co. began the year with a net pension liability of 112 million (underfunded pension plan). pension expense for the year included the following ( in millions) : service cost, $40; interest cost,$24; expected return on assets,$16; amortization net loss, $8 ; amortization of prior service cost, $12. Prepare the appropriate general journal entry to record wainwright's pension expense.

Reference no: EM132604442

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