Question: Please , are my answers correct ? Question 1 In a defined benefit plan, the process of funding refers to A making the periodic contributions
Question 1 In a defined benefit plan, the process of funding refers to A making the periodic contributions to a funding agency to ensure that funds are available to meet retirees' claims. B. determining the projected benefit obligation, C. determining the accumulated benefit obligation D. determining the amount that might be reported for pension expense Question 2 Alternative methods exist for the measurement of the pension obligation (liability). Which measure requires the use of future salaries in its computation? A. Vested benefit obligation B. Restructured benefit obligation C. Accumulated benefit obligation D. Projected benefit obligation Question 3 Vested benefits A usually require a certain minimum number of years of service. (B. are defined by all of these answers. c. are those that the employee is entitled to receive even if fired D. are not contingent upon additional service under the plan. Question 4 Which of the following statements is true about postretirement health care benefits? A. The benefits are well-defined and level in dollar amount. B. The beneficiary is the retiree, spouse, and other dependents. C. The benefit is payable monthly D. They are generally funded. Question 5 Companies generally design pension plans that are A. insured. B. noncontributory. C. contributory. D. qualified
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