What is the necessary calculations and accounting


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

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is the necessary calculations and accounting
Reference No:- TGS0698730

Expected delivery within 24 Hours