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  3. a defined benefit plan requires an annual pension

A defined benefit plan requires an annual pension cost of $97,000 based on estimates of...

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Accounting

A defined benefit plan requires an annual pension cost of $97,000 based on estimates of future pension liabilities. On December 31, the company pays $79,000 to the pension fund. The journal entry will include a a. credit to Cash for $97,000. b. debit to Pension Expense for $79,000. O c. credit to Unfunded Pension Liability for $18,000. Od. debit to Unfunded Pension Liability for $79,000.
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A defined benefit plan requires an annual pension cost of $97,000 based on estimates of future pension liablities. On Oecember 31 , the company pays 379,060 to the pension fund. The journal entry will include a a. credit to Cash for $97,000. b. debit to Pension Expense for $79,000. c. credit to Unfunded Pension Lability for $18,000. d. debit to Unfunded Pension Liability for $79,000

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