Ask Question
12 August, 03:01

The accounting for defined contribution pension plans is easy because each year:a. The employer records pension expense equal to the annual contribution. b. The employer records pension expense based on the earnings of the plan assets. c. The employer records pension expense based on an amount provided by the actuary. d. The employer records pension expense equal to the amount paid out to retirees.

+3
Answers (1)
  1. 12 August, 03:09
    0
    A) The employer records pension expense equal to the annual contribution.

    Explanation:

    Defined contribution (DC) pension plans are retirement plans that allow both the employer and employees make contributions and invest the those funds to try to earn more money for the moment they retire. So the future benefits will change depending on the performance of the invested funds.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “The accounting for defined contribution pension plans is easy because each year:a. The employer records pension expense equal to the annual ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers