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Which of the following statements regarding pension plans is true under IFRS? Question 25 options: a) The objective of pension accounting is to have the

Which of the following statements regarding pension plans is true under IFRS?

Question 25 options:

a)

The objective of pension accounting is to have the entity recognize the cost of providing the future benefit to employees in the period in which the employees provide their services.

b)

In a defined benefit pension plan, the investment risk on gains or losses from the plan rests with the employee.

c)

In a defined contribution plan, the investment risk on gains or losses from the plan rests with the employer.

d)

For a defined benefit plan, the defined benefit obligation (DBO) must equal the fair value of pension assets at the end of the year.

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