1.In a defined benefit plan, the process of funding refers to a.Determining the projected benefit obligation. b.Determining the accumulated benefit obligation. c.Making the periodic contributions to a funding agency to ensure that funds are available to meet retirees claims. d.Determine the amount that might be reported for pension expense. 2.Which is not a component of the Pension Expense computation. a. Service Cost b. Benefits paid to retirees c. Return on investments d. Amortization of prior service cost. 3.In all pension plans, the accounting problems include all the following except a.Measuring the amount of pension obligation. b.Disclosing the status an defects of the plan in the financial statements. c.Allocating the cost of the plan to the proper periods. d.Determining the level of individual premiums. 4.In a defined contribution plan, a formula us used that a.Defines the benefits that the employee will receive at the time of retirement. b.Ensures that pension expense and the cash funding amount will be different. c.Requires an employer to contribute a certain sum each period based on the formula. d.Ensures that employers are at risk to make sure funds are available at retirement. 5.The accumulated benefit obligation measures a.The pension obligation on the basis of the plan formua applied to years of service to date and based on existing salary levels. b.The pension obligation on the basis of the plan formula applied to years of service to date and based on future salary levels. c.An estimated total benefit at retirement and then computes the level cost that will be sufficient together with interest expected to accumulate at the assumed reate, to provide the total benefits at retirement. d.The shortest possible period for funding to maximize the tax deduction