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1) Which of the following statements does not properly describe a defined benefit pension plan?...

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Accounting

1) Which of the following statements does not properly describe a defined benefit pension plan?

Multiple Choice

  • The employee bears little risk with respect to estimating the amount of the annual contributions to the plan.

  • A pension plan asset is not recorded on the employers balance sheet.

  • Many assumptions are made in the determination of pension expense.

  • The employer bears little risk with respect to estimating the amount of the annual contributions to the plan.

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