At December 31,Year 1,Musslewhite Corporation reported a net loss of $2.5 million related to its pension plan,because the actuarial assumptions related to future salary levels changed.Musslewhite's entry to record the results of this change will include ________.
A) a debit to Loss-OCI and a credit to Projected Benefit Obligation
B) a debit to Projected Benefit Obligation and a credit to Loss-OCI
C) a debit to pension expense and a credit to Projected Benefit Obligation
D) a debit to pension expense and a credit to loss-OCI
Correct Answer:
Verified
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