Question: A major difference between defined benefit pension plans and defined contribution pension plans is that In defined benefit plans, the risk of loss is borne

  1. A major difference between defined benefit pension plans and defined contribution pension plans is that

In defined benefit plans, the risk of loss is borne primarily by the employer

Accounting for defined benefit plans is much simpler than accounting for defined contribution plans.

Employees generally are required to contribute to defined contribution plans but not to defined benefit plans.

There is no major difference between the two kinds of pension plans

ANSWER CHOICE B IS INCORRECT

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock

Identifying the Correct Difference Step 1 Understanding Defined Benefit Plans Risk Bearing In define... View full answer

blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!

Q:

QUESTION 23 A major difference between defined benefit pension plans and defined contribution pension plans is that Accounting for defined benefit plans is much simpler than accounting for defined...

Q:

2 . A major difference between defined benefit pension plans and defined contribution pension plans is that a ) In defined benefit plans , the risk of loss is borne primarily by the employe b )...

Q:

QUESTION 17 Wood City, which is legally obligated to maintain a debt service fund, issued the following general obligation bonds on July 1, Year 1: Term of bonds 10 years, Face amount $1,000,000,...

Q:

I need help with these questions: I need answer for all of these MCQ's b. 5. A major difference between defined benefit pension plans and defined contribution pension plans is that a. Accounting for...

Q:

A major ditterence between defined benefit pension plans and defined contribution pension plans is that a a)I primarily by the employer. b) Accounting for defined benefit plans is much simpler than...

Q:

Answer plz 22) The employer has an obligation to provide future benefits for: A) Defined benefit pension plans. B) Defined contribution pension plans. C) Defined benefit and defined contribution...

Q:

All of the following statements differentiate defined benefit pension plans from defined contribution pension plans except which one? A. A defined contribution pension plan cannot be overfunded or...

Q:

1/15 1 2 points All of the following statements differentiate defined benefit pension plans from defined contribution pension plans except which one? Contributions for a defined benefit pension plan...

Q:

All of the following statements differentiated defined benefit pension plans from defined contribution pension plans except which one? a. Accounting for a defined benefit pension plan is complex,...

Q:

All of the following statements differentiate defined benefit pension plans from defined contribution pension plans except which one? Accounting for a defined benefit pension plan is complex, while...

Q:

Both and y denote functions of t that are related by the equation x + y = 4x + 6y. Use this equation and the given derivative to find the specified derivative. NOTE: Enter the exact answers. dax (a)...

Q:

Linda's husband dies, naming her the sole beneficiary of a $500,000 life insurance policy. The insurance company informs her that she has two options: (1) she can receive the entire $500,000 in one...

Q:

The government can allow - Select - morelessItem 2 voting rights for shareholders, - Select - morelessItem 3 legal protection, - Select - morelessItem 4 enforcement of the laws, and - Select -...

Q:

The Constitutional right to equal protection under the law is found in the q , known as the "Equal Protection Clause." and is First Amendment Fourth Amendment Fourteenth Amendment Eighth Amendment

Q:

Which situational supervisory business style (Chapter 7) was Beth using to set the policy?

Q:

What type of communications (Chapter 5) were used in this case? What was the major barrier to communications?

Q:

What is the role of perception (Chapter 2) and attitudes and values (Chapter 3) in this case?