Question
A major difference between defined benefit pension plans and defined contribution pension plans is that In defined benefit plans, the risk of loss is borne
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A major difference between defined benefit pension plans and defined contribution pension plans is that
A major difference between defined benefit pension plans and defined contribution pension plans is that
| In defined benefit plans, the risk of loss is borne primarily by the employer | ||
| Accounting for defined benefit plans is much simpler than accounting for defined contribution plans. | ||
| Employees generally are required to contribute to defined contribution plans but not to defined benefit plans. | ||
| There is no major difference between the two kinds of pension plans |
ANSWER CHOICE B IS INCORRECT
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Financial Accounting
Authors: Arne E. Jorgensen
1st Edition
8759340886, 9788759340882
