Question
At December 31, Year 1, Musslewhite Corporation reported a net loss of $2.5 million related to its pension plan, because the actuarial assumptions related to
At December 31, Year 1, Musslewhite Corporation reported a net loss of $2.5 million related to its pension plan, because the actuarial assumptions related to future salary levels changed. Musslewhite's entry to record the results of this change will include ________.
Group of answer choices
a debit to OCI Actuarial Gains/Losses and a credit to Projected Benefit Obligation
a debit to Projected Benefit Obligation and a credit to OCI - Loss
a debit to pension expense and a credit to Projected Benefit Obligation
a debit to pension expense and a credit to OCI Loss
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