1. How companies account for defined benefit, defined contribution, and postretirement benefit plans?

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Accounting

1. How companies account for defined benefit, definedcontribution, and postretirement benefit plans?

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1 Definedbenefit plans define the benefit ahead of time a monthly payment in retirement based on the employees tenure and salary for life Usually the funding expense accrues entirely to the company Employees are not expected to contribute to the    See Answer
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