For 2020, Carson Majors Inc. had pension expense of $77 million and contributed $55 million to the pension fund. Which of the following is the journal entry that Carson Majors would make to record pension expense and funding? a. Pension Expense 77,000,000     00Pension Asset/Liability   22,000,000   00Cash   55,000,000 b. Pension Expense 77,000,000     Pension Asset/Liability 22,000,000     00Cash   99,000,000 c. Pension Expense 55,000,000     Pension Asset/Liability 22,000,000     00Cash   77,000,000 d. Pension Expense 22,000,000     Pension Asset/Liability 55,000,000     00Cash   77,000,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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For 2020, Carson Majors Inc. had pension expense of $77 million and contributed $55 million to the pension fund. Which of the following is the journal entry that Carson Majors would make to record pension expense and funding?

a. Pension Expense 77,000,000  
  00Pension Asset/Liability   22,000,000
  00Cash   55,000,000
b. Pension Expense 77,000,000  
  Pension Asset/Liability 22,000,000  
  00Cash   99,000,000
c. Pension Expense 55,000,000  
  Pension Asset/Liability 22,000,000  
  00Cash   77,000,000
d. Pension Expense 22,000,000  
  Pension Asset/Liability 55,000,000  
  00Cash   77,000,000
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