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Case 14-1 Pension Benefits Pension accounting has become more closely associated with the method of determining pension benefits. Required: a. Discuss the following methods of

Case 14-1 Pension Benefits

Pension accounting has become more closely associated with the method of determining pension benefits.

Required:

a. Discuss the following methods of determining pension benefits:

i. Defined contribution plan

ii. Defined benefit plan

b. Discuss the following actuarial funding methods:

i. Cost approach

ii. Benefit approach

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