A) Which of the following statements typifies defined contribution plans? Investment risk is borne by the corporation sponsoring the plan. The plans are more complex than defined benefit plans. Present value factors are used to determine the annual contributions to the plan. The employer's obligation is satisfied by making the periodic contribution to the plan.

B) Blue Company has a plan whereby it pays for health care insurance for all employees after they retire. Red Company has a defined benefit pension plan for its employees. With respect to these plans, which of the following statements is not true? Red Company's obligation tends to increase in a steadier pattern than that of Blue Company. Red Company's accounting for its obligation is similar to that of Blue Company. Red Company's obligation is less difficult to estimate than that of Blue Company. Red Company is less likely to fund its obligation than is Blue Company.

C) Revenue and expense items and components of other comprehensive income can be reported in a single statement of comprehensive income using: U.S. GAAP. IFRS. Both U.S. GAAP and IFRS. Neither U.S. GAAP nor IFRS.

D) The net assets of a corporation are equal to: Contributed capital. Retained earnings. Shareholders' equity. None of these answer choices are correct.

E) The following partial information is taken from the comparative balance sheet of Levi Corporation: 14 million. 9 million. 5 million. None of these answer choices are correct.

12/31/2021 12/31/2020 Shareholders' equity Common stock, $5 par; 20 million shares authorized; 15 million shares issued and 9 million shares outstanding at 12/31/2021; and million shares issued and shares outstanding at 12/31/2020. Additional paid-in capital on common stock Retained earnings Treasury common stock, at cost, 6 million shares at 12/31/2021 and 4 million shares at 12/31/2020 Total shareholders' equity $ 75 million 520 million 197 million $ 45 million 392 million 157 million (72 million) $720 million (50 million) $544 million