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Answer plz 22) The employer has an obligation to provide future benefits for: A) Defined benefit pension plans. B) Defined contribution pension plans. C) Defined
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22) The employer has an obligation to provide future benefits for: A) Defined benefit pension plans. B) Defined contribution pension plans. C) Defined benefit and defined contribution plans. D) None of these answer choices are correct. 23) Which of the following statements typifies defined contribution plans? A) Investment risk is borne by the corporation sponsoring the plan. B) The plans are more complex than defined benefit plans. C) Present value factors are used to determine the annual contributions to the plan. D) The employer's obligation is satisfied by m aking the periodic contribution to the plan. 24) The annual pensio that includes a debit to pension expense and a credit to a noncurrent liabi A) A defined benefit plan only. B) A defined contribution plan only. C) Both a defined benefit and a defined contribution plan n expense for what type of pension plan(s) is recorded by a journal entry lity? D) This is not the correct entry neion obligationStep by Step Solution
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