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Martin, Inc. began the year with a $30,000 net gain (credit balance) in its accumulated OCI - G/L account and beginning plan assets of $250,000.
Martin, Inc. began the year with a $30,000 net gain (credit balance) in its accumulated OCI - G/L account and beginning plan assets of $250,000. During the year, Martin had actual return of $17,000 and an expected rate of return of 8%. In addition, during the year Martin recorded a liability loss of $10,000. Assuming no amortization of gain/loss for the year, what would be the endingcredit balance in the accumulated OCI - G/L account for the year?
Group of answer choices
a.$3,000
b. $43,000
c. $17,000
d.$23,000
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