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For a defined benefit plan, which of the following is correct ? Question options: The plan requires that the pension expense and the cash funding
For a defined benefit plan, which of the following is correct?
Question options:
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The plan requires that the pension expense and the cash funding amount be the same. |
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The plan requires that the employee bears the risk of loss or benefit of gain from assets contributed to the plan. |
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The plan defines the contribution the employer is to make, with no promise concerning the ultimate payout to employees. |
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The plan defines the benefits that the employee will receive at retirement.
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