Identify whether the following items increase (I) or decrease (D) the existing balance in the...
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Accounting
Identify whether the following items increase (I) or decrease (D) the existing balance in the pension accounts provided below. If the transaction does not affect a particular account, indicate no effect (NE).
Transaction
Pension Expense
Cash
OCI Unrecognized Gain/Loss
PBO
Plan Assets
Interest costs.
Amortization of a gain balance in the unrecognized gain/loss account.
Recognition of current period asset return. Assume the actual asset return is less than the expected asset return and that both returns are positive. Also assume the OCI Unrecognized Gain/Loss account had a gain balance at the beginning of the year.
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