What is the net entry to accumulated

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Reference no: EM132805754

Problem 1: At the beginning of Year 1, a company amends its defined benefit pension plan for an additional $500,000 in prior service cost. The amendment covers employees with a 10-year average remaining service life. At the end of Year 1, what is the net entry to accumulated other comprehensive income, ignoring income tax effects?

A. A $450,000 debit.

B. A $500,000 debit.

C. A $550,000 credit.

D. A $450,000 credit.

Reference no: EM132805754

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