1-) For a defined benefit plan:

Group of answer choices

The employee bears the risk of market fluctuations in plan assets.

The employer bears the risk of market fluctuations in plan assets.

The trustee bears the risk.

The pension plan administrator.

2-)

Financial Statements prepared on a modified cash basis of accounting would contain items measured on which, if either, of the following bases?

Cash Basis

Accrual Basis

Group of answer choices

Yes

Yes

Yes

No

No

Yes

No

No

3-)

Assume a private firm elects to adopt the PCC alternative when accounting for intangible assets acquired in a business combination. If the customer names and noncompete agreements are nonseparable, can they be included as part of goodwill?

Customer Names

Noncompetition Agreement

Group of answer choices

Yes

No

No

No

No

Yes

Yes

Yes