Multiple Choice
The journal entry a company uses to record pension rights that have not been funded 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
Correct Answer:
Verified
Correct Answer:
Verified
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