29. The amount to be recorded as the cost of an asset under finance lease is equal to the A) present value of the lease payments. B) present value of the lease payments or the fair value of the asset, whichever is lower C) present value of the lease payments plus the present value of any unguaranteed residual value. D) carrying value of the asset on the lessor's books 21. In a defined-benefit plan, a formula is used that A) requires that the benefit of gain or the risk of loss from the assets contributed to the pension plan be borne by the employee. B) defines the benefits that the employee will receive at the time of retirement. and the cash funding amou D) defines the contribution the employer is to make; no promise is made concerning the ultimate benefits to be paid out to the employees. 24. Which of the following items should be included in pension expense calculated by an employer who sponsors a defined-benefit pension plan for its employees? Fair valueAmortization of prior of plan assets service cost A) B) C) D) Yes Yes Yes No No Yes No No