QUESTION 1 The relationship between the amount funded and the amount reported for pension expense is as follows: A pension expense will be less than the amount funded B. pension expense must equal the amount funded C pension expense may be greater than equal to, or less than the amount funded D pension expense will be more than the amount funded QUESTION 2 Which of the following is recognized in the accounts and in the financial statements? A Postretirement asset / liability B. Accumulated postretirement benefit obligation C. Deterred asset D. Expected postretirement benefit obligation QUESTION 3 In a defined contribution plan, a formula is used that A ensures that pension expense and the cash funding amount will be different B. requires an employer to contribute a certain sum each period based on the formula C defines the benefits that the employee will receive at the time of retirement Densures that employers are at risk to make sure funds are available at retirement QUESTION 4 In a defined benefit plan, a formula is used that A requires that pension expense and the cash funding amount be the same B defines the benefits that the employee will receive at the time of retirement c.requires that the benefit of gain or the risk of loss from the assets contributed to the pension plan be bome by the employee D. defines the contribution the employer is to make; no promise is made concerning the ultimate benefits to be paid out to the employees