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The following information refers to o'shea company's defined benefit pension plan for the current year. service cost: $5,000; interest cost: $2,000; amortization of pr…
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The following information refers to o'shea company's defined benefit pension plan for the current year. service cost: $5,000; interest cost: $2,000; amortization of pr…
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Jul 17, 2024
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the following information refers to o'shea company's defined benefit pension plan for the current year. service cost: $5,000; interest cost: $2,000; amortization of prior service cost: $1,000; amortization of net loss: $500; expected return on plan assets: $3,000. o'shea company's journal entry to record pension-related costs would include (select all that apply.)
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Answer:
Debit to plant assets of $3000
Credit to Pbo of $7000
Step-by-step explanation:
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