ch 17-4 - Assignment Print View Page 1 of 3 Score 49.64/50...

Info icon This preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon
Score: 49.64/50 Points 99.28 % Page 1 of 3 Assignment Print View 5/23/2016 http://ezto.mheducation.com/hm_accounting.tpx?todo=printviewSingle
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
4. Award: 9.64 out of 10.00 points You did not receive credit for this question in a previous attempt The Warren Group’s pension expense is $68 million. This amount includes a $44 million service cost, a $50 million interest cost, a $31 million reduction for the expected return on plan assets, and a $5 million amortization of a prior service cost. Determine the components of pension expense that affects the net pension liability. (Select all that apply.) Service cost Amortization of prior service cost Interest cost Expected return on plan assets Prepare the journal entry to record pension expense. (If no entry is required for a particular event, select "No journal entry required" in the first account field. Enter your answers in millions. (i.e., 10,000,000 should be entered as 10).) Event General journal Debit Credit 1 Pension expense 68 Plan assets 31 PBO 94 Amortization of prior service cost—OCI 5
Image of page 2
Image of page 3
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern