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Find what entry reflected in pension fund work sheet should

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Reference no: EM132973168

Problem 1: A pension plan paid out benefits amounting to $343,200 during the year to retired plan members. The entry reflected in a pension fund work sheet should show

Plan Assets ; CREDIT-Plan Cash.

Plan Expenses; CREDIT-Cash.

Plan Expenses; CREDIT-Plan Assets.

Defined Benefit Obligation; CREDIT-Cash.

Reference no: EM132973168

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