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83. Which of the following is not true with regard to pension plans? Multiple Choice...

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Accounting

83. Which of the following is not true with regard to pension plans?

Multiple Choice

A) Pension plans are arrangements designed to provide income to individuals during their retirement years.

B) A defined contribution pension plan creates a liability for the employer.

C)A pension fund (plan assets) is established by the employer for a defined benefit pension plan.

D) Pension expense is reported for a defined benefit pension plan.

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