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If the pension expense for a pension plan for a particular year amounts to $14,000 and the amount funded amounts to $11,000 for the same
If the pension expense for a pension plan for a particular year amounts to $14,000 and the amount funded amounts to $11,000 for the same year, Pension Asset/Liability account would be:
a.
unaffected.
b.
debited for $3,000.
c.
credited for $3,000.
d.
either debited or credited, but the amount cannot be determined from the data given.
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