Legume Company has a defined benefit pension plan for its employees. The following information pertains to...
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Legume Company has a defined benefit pension plan for its employees. The following information pertains to the pension plan: Projected benefit obligation, December 31, Year 5 Fair value of plan assets, December 31, Year 5 Accrued/prepaid pension cost (asset), December 31, Year 4 The December 31, Year 5 adjusting journal entries include a a. debit to Accrued/Prepaid Pension Cost for $8,000. Ob. debit to Other Comprehensive Income for $8,000. Oc. credit to Other Comprehensive Income for $172,000. Od. credit to Accrued/Prepaid Pension Cost for $172,000. $1,520,000 1,610,000 82,000 Legume Company has a defined benefit pension plan for its employees. The following information pertains to the pension plan: Projected benefit obligation, December 31, Year 5 Fair value of plan assets, December 31, Year 5 Accrued/prepaid pension cost (asset), December 31, Year 4 The December 31, Year 5 adjusting journal entries include a a. debit to Accrued/Prepaid Pension Cost for $8,000. Ob. debit to Other Comprehensive Income for $8,000. Oc. credit to Other Comprehensive Income for $172,000. Od. credit to Accrued/Prepaid Pension Cost for $172,000. $1,520,000 1,610,000 82,000
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