Harrison Forklift's pension expense includes a service cost of $27 million. Harrison began the year with a pension liability of

Question

2 years ago

12

Harrison Forklift's pension expense includes a service cost of $27 million. Harrison began the year with a pension liability of

$47 million (underfunded pension plan).
1. Interest cost, $8; expected return on assets, $21; amortization of net loss, $6.
2. Interest cost, $23; expected return on assets, $17; amortization of net gain, $6.
3. Interest cost, $23; expected return on assets, $17; amortization of net loss, $6; amortization of prior service cost, $7 million.

Business

1 answer:

Gnoma [55] · Answer 1 · 2022-09-06T11:43:49+03:00

Gnoma [55]2 years ago

6 0

Answer:

Explanation: see attachment below