Question 8 For which entities does the FASB claim its financial accounting standards are useful? O a) All entities Ob) Only for large entities O c) Only for publicly held entities O d) Only for entities not covered by the FRF for SMEs Question 9 Which method(s) of accounting for the expense associated with a pension plan does the FRF for SMEs not allow? a) Expense the contributions to a defined contribution plan. Oc) Expense the cost determined by an accrued benefit obligation for a defined benefit plan, Ob) Expense the current year's contribution to a defined benefit plan. d) Expense no amount for pension cost. Question 10 According to the FRF for SMEs, in which of the following circumstances have all significant risks and rewards of ownership been transferred to the buyer? a) The goods have been delivered to the customer. Ob) The right to receive the sale price is fixed by contractor law. d) All significant acts havebeen completed. Oc) The buyer has the right to cancel the sale