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Exhibit 19-01 Marley Co \quad 30,000
Accrued/Prepaid Pension Cost \quad

Question 68

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Exhibit 19-01 Marley Co. has an underfunded prepaid/accrued pension cost of $2,000 (debit balance) at December 31, 2014. The following information pertains to 2015:  Exhibit 19-01 Marley Co. has an underfunded prepaid/accrued pension cost of $2,000 (debit balance)  at December 31, 2014. The following information pertains to 2015:   -Refer to Exhibit 19-1. The December 31, 2015, adjusting entry should be A)  Other Comprehensive Income  \quad  30,000  Accrued/Prepaid Pension Cost  \quad  30,000  B)  Accrued/Prepaid Pension Cost  \quad  30,000  Other Comprehensive Income  \quad  30,000  C)  Other Comprehensive Income  \quad  42,000  Accrued/Prepaid Pension Cost  \quad  42,000  D)  Accrued/Prepaid Pension Cost \quad   40,000  Other Comprehensive Income  \quad  40,000
-Refer to Exhibit 19-1. The December 31, 2015, adjusting entry should be


A) Other Comprehensive Income \quad 30,000
Accrued/Prepaid Pension Cost \quad 30,000

B) Accrued/Prepaid Pension Cost \quad 30,000
Other Comprehensive Income \quad 30,000

C) Other Comprehensive Income \quad 42,000
Accrued/Prepaid Pension Cost \quad 42,000

D) Accrued/Prepaid Pension Cost \quad 40,000
Other Comprehensive Income \quad 40,000

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