Question: The accounting for defined contribution pension plans is easy because each year: The employer records pension expense equal to the amount paid out to retirees.

The accounting for defined contribution pension plans is easy because each year:

  1. The employer records pension expense equal to the amount paid out to retirees.
  2. The employer records pension expense based on an amount provided by the actuary.
  3. The employer records pension expense equal to the annual contribution.
  4. Theemployerrecordspensionexpensebasedontheearningsoftheplanassets.
  6. PLEASE BRIEFLY EXPLAIN WHY THE ANSWER WAS CHOSEN

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