2.

The journal entry a company uses to record pension rights that have not been funded for its salaried employees at the end of the year is

A. debit Pension Expense; credit Unfunded Pension Liability

B.debit Pension Expense; credit Cash

C. debit Pension Expense; credit Unfunded Pension Liability and Cash

D. debit Salary Expense; credit Cash

7.

Quick assets include

A. cash, cash equivalents, receivables, and prepaid expenses

B .cash, cash equivalents, and receivables

C. cash, cash equivalents, receivables, and inventory

D. cash, cash equivalents, receivables, prepaid expenses, and inventory

9.

A pension plan that requires the employer to make annual pension contributions, with no promise to employees regarding future pension payments, is termed

a.defined contribution

b.defined benefit

c. unfunded

d. funded