The Journal Entry a Company Uses to Record Partially Funded

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 Salary 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