Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. which of the following statements about pensions i

Which of the following statements about pensions is true? Under a defined-contribution pension plan, the...

90.2K

Verified Solution

Question

Accounting

Which of the following statements about pensions is true? Under a defined-contribution pension plan, the employer's contribution is fixed but the benefits to the employee can vary. The increase in the PBO from employees working one additional year is called interest cost. O In a year that a company amends its pension plan to provide retroactive benefits to its employees, the prior service costs increase pension expense for the full value of the plan amendment. O Under a defined-contribution pension plan, the employer's contribution can vary but the benefits to the employee are fixed.
please explain why as well image
Which of the following statements about pensions is true? Under a defined-contribution pension plan, the employer's contribution is fixed but the benefits to the employee can vary. The increase in the PBO from employees working one additional year is called interest cost. In a year that a company amends its pension plan to provide retroactive benefits to its employees, the prior service costs increase pension expense for the full value of the plan amendment. Under a defined-contribution pension plan, the employer's contribution can vary but the benefits to the employee are fixed

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Chemistry
1.2K views

4. Under each of the following conditions, please predict the effect the mutation will have on...

Mechanical Engineering
1.2K views

Consider a steam power plant operating on the ideal reheat Rankine cycle. Steam enters the high-pressure...

Physics
1.2K views

1. A 1.5- volt battery is connected across an LED bulb, but the bulb does not...

Biology
1.2K views

nce the 19th century many people have worked for equal ghts for women Much of...

Biology
1.2K views

12 Multiple Choice Questions 12 14 refer to the pedigree below The trait being represented...

Geometry
1.2K views

A low wattage radio station can be heard only within a certain distance from the...

Basic Math
1.2K views

The table of ordered pairs x y gives an exponential function Write an equation for...

Basic Math
1.2K views

Determine if the following function is even, odd, or neither.m=|x|/2=1

Algebra
1.2K views

Simplify the following expression{15/1-2i}

Accounting
1.2K views

The following data relate to direct materials costs for February: Materials cost per yard: standard,...

Accounting
1.2K views

needing help with the 2nd requirment.. Assume Avaya contracted to...

Finance
1.2K views

Please show how you got the answer, thank you! What is the payoff to...