Question: which of the following is NOT a difference between defined pension plan and a defined contribution benefit plan? a. Defined benefit plan journal entries can
which of the following is NOT a difference between defined pension plan and a defined contribution benefit plan?
a. Defined benefit plan journal entries can include an unfunded pension liability while defined contribution benefit plan journal entries generally do not.
b. Defined benefit plans are common while defined contribution plans are widely phased out.
c.Cash is used by the company to fund both types of pensions but to varying degrees.
d.All of the above are legitimate differences
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