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Home Q & A Board Other Fields Homework Help Business Accounting
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6 years ago
Merciful Industries has a beginning PBO balance of $500,000 and a settlement rate of 8%. What is the journal entry to record interest expense on the pension obligation?
A) Pension Expense40,000
Projected Benefit Obligation40,000
B) Pension Expense40,000
Other Comprehensive Income40,000
C) Pension Expense500,000
Projected Benefit Obligation500,000
D) Pension Expense500,000
Other Comprehensive Income500,000
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Intermediate Accounting

Intermediate Accounting


Edition: 1st
Authors:
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#1
6 years ago
 A
Vvv Author
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#2
6 years ago
This helps so much, thank you for responding so quickly...
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#3
6 years ago
No worries, I was online and bored Grinning Face with Smiling Eyes
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