The Journal Entry a Company Uses to Record Partially Funded

question 37

Multiple Choice

The journal entry a company uses to record partially funded pension rights for its salaried employees at the end of the year is

• A) debit Salaries Expense; credit Cash
• B) debit Pension Expense; credit Unfunded Pension Liability
• C) debit Pension Expense; credit Unfunded Pension Liability and Cash
• D) debit Pension Expense; credit Cash

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Definitions:

Feces

Waste matter expelled from the bowels after food has been digested; also known as stool.

Zoophilia

A paraphilia involving a sexual fixation on non-human animals.

Urophilia

A form of paraphilia characterized by deriving sexual pleasure from urine or urination activities.

Zoophilia

is a paraphilia involving an emotional and sexual attraction towards animals.