Question
1. A company should adjust pension expense for which type of revenue(s) accumulated in the pension fund? Select one: a. Interest Revenue, but not Dividend
1. A company should adjust pension expense for which type of revenue(s) accumulated in the pension fund?
Select one:
a. Interest Revenue, but not Dividend Revenue
b. Dividend Revenue, but not Interest Revenue
c. Both Dividend Revenue and Interest Revenue
d. Neither Dividend Revenue nor Interest Revenue
2. The accounting for a defined contribution plan
Select one:
a. Expenses the annual amount that an employer is obligated to pay into the pension fund.
b. Results in an asset, but never a liability, if the employer does not contribute the amount expensed in a given year.
c. Results in a liability, but never an asset, if the employer does not contribute the amount expensed in a given year.
d. Includes the expensing of interest expense, which is based on the PBO existing at the beginning of each year.
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