Warrick Boards calculated pension expense for its underfunded pension plan as follows: Which elements of...
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Accounting
Warrick Boards calculated pension expense for its underfunded pension plan as follows: Which elements of Warricks balance sheet are affected by the components of pension expense? What are the specific changes in these accounts?
| Service cost | 254 | |
| Interest cost | 165 | |
| Expected return on the plan assets ($115 actual, less $7 gain) | (108) | |
| Amortization of prior service cost | 11 | |
| Amortization of net loss | 2 | |
| 324 |
Which elements of Warricks balance sheet are affected by the components of pension expense? What are the specific changes in these accounts?
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