Quiz 17.137 – Mallory, Inc.
Intermediate Accounting
Spiceland, Nelson, and Thomas
10th Edition
Mallory, Inc. reported a net loss of $12 million related to its postretirement benefit plan in its balance sheet on December 31, 2020. If the actuary increased her estimate of future healthcare costs at the end of 2021, what entry will Mallory make to record the effect of this change?