Disney's actuaries determined that the service cost for the current year is $3,000,000 and its settlement rate is 5%. What is the the current year journal entry related to the service cost? No entry required Debit Pension Expense $3,000,000; Credit Projected Benefit Obligation $3,000,000 Debit Projected Benefit Obligation $150,000; credit Pension Expense $150,000 Debit Pension Expense $150,000; Credit Projected Benefit Obligation $150,000 Debit Projected Benefit Obligation $3,000,000; credit Pension Expense $3,000,000

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