Describe differences between defined benefit and defined contribution pension plans. How does the accounting differ across these two types of plans?
Answer to relevant QuestionsFrom a purely economic point of view define what constitutes the following: (a) Pension obligation,(b) Pension plan assets,(c) Net economic position of the pension plan, (d) Economic pension cost.What are the major actuarial assumptions underlying the postretirement benefits? Explain how a manager can manipulate these assumptions to window-dress the financial statements.When a lease is considered a capital lease for both the lessor and the lessee, describe what amounts will be found on the balance sheets of both the lessor and the lessee related to the lease obligation and the leased asset.Capital leases and operating leases are two major classifications of leases.Required:a. Describe how a lessee accounts for a capital lease both at inception of the lease and during the first year of the lease. Assume the ...The purchase of treasury stock (commonly called stock buybacks) is being done with increasing frequency in lieu of dividend payments.Required:a. Explain why stock buybacks are similar to dividends from the company's ...
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