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Identify whether the following items increase (I) or decrease (D) the existing balance in the...

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Question

Accounting

Identify whether the following items increase (I) or decrease (D) the existing balance in the pension accounts provided below. If the transaction does not affect a particular account, indicate no effect (NE).

Transaction

Pension Expense

Cash

OCI Unrecognized Gain/Loss

PBO

Plan Assets

Interest costs.

Amortization of a gain balance in the unrecognized gain/loss account.

Recognition of current period asset return. Assume the actual asset return is less than the expected asset return and that both returns are positive. Also assume the OCI Unrecognized Gain/Loss account had a gain balance at the beginning of the year.

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