Will Rate immediately (Please be 1000% sure its correct answer):

1. In a defined-contribution plan, a formula is used that: a. defines the benefits that the employee will receive at the time of retirement. b. ensures that pension expense and the cash funding amount will be different. c. requires an employer to contribute a certain sum each period based on the formula. d. ensures that employers are at risk to make sure funds are available at retirement. 2. A corporation has a defined-benefit plan. A pension liability will result at the end of the year if the: a. projected benefit obligation exceeds the fair value of the plan assets. b. fair value of the plan assets exceeds the projected benefit obligation. c. amount of employer contributions exceeds the pension expense d. amount of pension expense exceeds the amount of employer contributions. 3. Under U.S. GAAP, interest cost included in the net periodic pension expense recognized by an employer sponsoring a defined benefit pension plan represents the: a. Shortage between the expected and actual returns on plan assets. b. Increase in the projected benefit obligation due to the passage of time. c. Increase in the fair value of plan assets due to the passage of time. d. Amortization of the discount on unrecognized prior service costs