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Hi everyone,
I am hoping someone can clear this up for me because I am getting pretty frustrated.In Pensions, Tim Gearty talks about “taking out of AOCI” and then shows a journal entry with a Credit to OCI. OCI is an equity account though so based on that journal entry isn’t he “putting it into OCI.?”
The journal entry looks something like this, and there are a lot of these scattered through the chapter:
DR. Net Periodic Pension Cost
CR. OCICan someone please dumb this down for me? I think theres a huge piece of the puzzle that I’m missing but I cannot seem to figure it out 🙁
AUD- PASSED 11/16BEC- PASSED 12/16
REG- PASSED 1/17
FAR- PASSED 3/17
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