Apple Plumbing reports actual returns on plan assets of $200,000, while the expected return was $181,000. In addition, an employee wellness program has resulted in changes in actuarial assumptions that result in an increase in the PBO of $24,000. What is the journal entry to record the change in actuarial assumptions? Group of answer choices Pension Plan Assets 5000 Pension Plan Assets 5000 OCI - Actuarial Gains/Losses 24,000 Projected Benefit Obligation 24,000 Pension Plan Assets 24,000 OCI - Pension Plan Gains/Losses 24,000 Pension Plan Assets 43,000 OCI - Actuarial Gains/Losses 43,000
Apple Plumbing reports actual returns on plan assets of $200,000, while the expected return was $181,000. In addition, an employee wellness program has resulted in changes in actuarial assumptions that result in an increase in the PBO of $24,000. What is the journal entry to record the change in actuarial assumptions? Group of answer choices Pension Plan Assets 5000 Pension Plan Assets 5000 OCI - Actuarial Gains/Losses 24,000 Projected Benefit Obligation 24,000 Pension Plan Assets 24,000 OCI - Pension Plan Gains/Losses 24,000 Pension Plan Assets 43,000 OCI - Actuarial Gains/Losses 43,000
Chapter9: Responsibility Accounting And Decentralization
Section: Chapter Questions
Problem 5PA: Financial information for BDS Enterprises for the year-ended December 31, 20xx, was gathered from an...
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Question
Apple Plumbing reports actual returns on plan assets of $200,000, while the expected return was $181,000. In addition, an employee wellness program has resulted in changes in actuarial assumptions that result in an increase in the PBO of $24,000. What is the journal entry to record the change in actuarial assumptions?
Group of answer choices
Pension Plan Assets | 5000 | |
Pension Plan Assets | | 5000 |
OCI - Actuarial Gains/Losses | 24,000 | |
Projected Benefit Obligation | | 24,000 |
Pension Plan Assets | 24,000 | |
OCI - Pension Plan Gains/Losses | | 24,000 |
Pension Plan Assets | 43,000 | |
OCI - Actuarial Gains/Losses | | 43,000 |
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