Amortizing a Net Actuarial Gain for Pensions Will ________

question 107

Multiple Choice

Amortizing a net actuarial gain for pensions will ________.

• A) increase retained earnings and increase accumulated other comprehensive income
• B) increase retained earnings and decrease accumulated other comprehensive income
• C) decrease retained earnings and decrease accumulated other comprehensive income
• D) decrease retained earnings and increase accumulated other comprehensive income

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Definitions:

Deferred Creditor

An entity to whom a payment is owed but the payment is delayed or deferred to a future date.

Trade Creditors

Amounts owed by a business to its suppliers for goods and services purchased on credit.

Liquidator's Remuneration

Compensation paid to a liquidator for carrying out the process of winding up a company, including selling off assets, paying creditors, and distributing any remaining funds to shareholders.

Journal Entries

Records of financial transactions in the accounts of a business, providing a chronological order of all debits and credits.