At December 31, Year 1, Musslewhite Corporation Reported a Net

question 21

Multiple Choice

At December 31, Year 1, Musslewhite Corporation reported a net loss of $2.5 million related to its pension plan, because the actuarial assumptions related to future salary levels changed. Musslewhite's entry to record the results of this change will include ________.

• A) a debit to OCI - Actuarial Gains/Losses and a credit to Projected Benefit Obligation
• B) a debit to Projected Benefit Obligation and a credit to OCI - Loss
• C) a debit to pension expense and a credit to Projected Benefit Obligation
• D) a debit to pension expense and a credit to OCI - Loss

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