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1.

The vested benefit of an employee in a pension plan represents benefits:

Multiple Choice

• to be paid to the retiring employee in the next year.

• accumulated in the pension plan (at fair value).

• to be paid to the retired employee in the current year.

• that are not contingent on the employee continuing in the service of the employer.

2.

A change in an amortization rate, such as on a copyright, should be accounted for:

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Multiple Choice

• Currently.
• By recording an amount in retained earnings only.
• Retrospectively.
• Prospectively.