Business, 07.05.2021 18:20 coralstoner6793

Harrison Forklift's pension expense includes a service cost of $21 million. Harrison began the year with a pension liability of $41 million (underfunded pension plan). 1. Interest cost, $9; expected return on assets, $15; amortization of net loss, $4.
2. Interest cost, $17; expected return on assets, $13; amortization of net gain, $4.
3. Interest cost, $17; expected return on assets, $13; amortization of net loss, $4; amortization of prior service cost, $5 million.
Prepare the appropriate general journal entries to record Harrison's pension expense in each of the above independent situations regarding the other components of pension expense ($ in millions).
1. Prepare the appropriate journal entry to record pension expense in situation 1 above.
2. Prepare the appropriate journal entry to record pension expense in situation 2 above.
3. Prepare the appropriate journal entry to record pension expense in situation 3 above.

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Harrison Forklift's pension expense includes a service cost of $21 million. Harrison began the year...

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