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During 2020, mdf Corporation's actuaries decreased the discount rate used to calculate pension obligation from...

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Accounting

During 2020, mdf Corporation's actuaries decreased the discount rate used to calculate pension obligation from 4.3% to 3.8% The effect on the company's pension expense for the year and pension obligation balance at year end is: 1) Inerease pension expense, decrease pension obligation 2) Decrease pension expense, decrease pension obligation 3) Inerease pension expense, increase pension obligation 4) Decrease pension expense, increase pension obligation

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