Question

What account is used to reconcile the differences between the estimated and actual returns on pension...

  1. What account is used to reconcile the differences between the estimated and actual returns on pension plan assets?

    Cash

    Pension Expense

    OCI - Prior Service Costs

    OCI - Actuarial Gains and Losses

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Answer #1

The correct answer is third option OCI – Actuarial Gains and Losses. The difference in the expected return and actual return

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