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The accounting for defined contribution pension plans is easy because each year: The employer records pension expense equal to the amount paid out to retirees.
The accounting for defined contribution pension plans is easy because each year:
- The employer records pension expense equal to the amount paid out to retirees.
- The employer records pension expense based on an amount provided by the actuary.
- The employer records pension expense equal to the annual contribution.
- Theemployerrecordspensionexpensebasedontheearningsoftheplanassets.
- PLEASE BRIEFLY EXPLAIN WHY THE ANSWER WAS CHOSEN
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Payroll Accounting 2017
Authors: Jeanette Landin, Paulette Schirmer
3rd edition
1259572188, 1259572180, 1259742512, 9781259742514, 978-1259572180
