Xyz company had service cost interest cost and amortization, Ask an Expert

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Xyz company had service cost, interest cost, and amortization of unrecognized prior service cost in the amounts of 8.25 percent, 5.21 percent, and 7.83 percent respectively of Earnings Before Interest and Taxes (EBIT). It's return on the pension fund was a postive $15,000 and it had no other elements of pension expense. What is the necessary calculations and accounting for this transaction. EBIT 174.4 ( in millions

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Accounting Basics, Accounting

Category:- Accounting Basics
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