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11. With regard to current GASB standards for pension reporting, do the following: a. Distinguish between (1) defined contribution plans and (2) defined benefit plans.

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11. With regard to current GASB standards for pension reporting, do the following: a. Distinguish between (1) defined contribution plans and (2) defined benefit plans. b. Distinguish between (1) agent and (2), cost-sharing multiemployer plans. c. Define the following terms: (1) plan fiduciary net position and (2) net pension liability

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