23&24

1 point Disney's actuaries determined that the service cost for the current year is $3,000,000 and its settlement rate is 5%. What is the the current year journal entry related to the service cost? Debit Pension Expense $150,000; Credit Projected Benefit Obligation $150,000 No entry required Debit Projected Benefit Obligation $150,000; credit Pension Expense $150,000 Debit Projected Benefit Obligation $3,000,000; credit Pension Expense $3,000,000 Debit Pension Expense $3,000,000; Credit Projected Benefit Obligation $3,000,000 1 point Merciful Industries has a beginning PBO balance of $600,000 and a settlement rate of 6%. What is the journal entry to record interest expense on the pension obligation? 1 point Disney's actuaries determined that the service cost for the current year is $3,000,000 and its settlement rate is 5%. What is the the current year journal entry related to the service cost? Debit Pension Expense $150,000; Credit Projected Benefit Obligation $150,000 No entry required Debit Projected Benefit Obligation $150,000; credit Pension Expense $150,000 Debit Projected Benefit Obligation $3,000,000; credit Pension Expense $3,000,000 Debit Pension Expense $3,000,000; Credit Projected Benefit Obligation $3,000,000 1 point Merciful Industries has a beginning PBO balance of $600,000 and a settlement rate of 6%. What is the journal entry to record interest expense on the pension obligation