Question: A plan amendment was passed in the current year resulting in $30 million of prior service cost. Which of the following is true regarding how
A plan amendment was passed in the current year resulting in $30 million of prior service cost. Which of the following is true regarding how these costs will be recorded? Group of answer choices The Projected Benefit Obligation (PBO) will decrease by $30 million. The balance in Accumulated Other Comprehensive Income (AOCI) related to prior service will increase by $30 million. Cash will decrease by $30 million. Pension expense will increase by $30 million
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