What is a defined benefit pension plan?
What will be an ideal response?
The term to describe a pension plan in which benefits are determined based on a formula; for example, 2% times the number of years employed times the average of the four years' highest salary.
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Which of the following is not a required disclosure pertaining to defined benefit pension plans?
A. The retirement benefits that are expected to be paid in the next five years. B. The contributions to be made into the pension fund for each of the next ten years. C. The amount of pension expense and its components. D. A reconciliation of the beginning and ending projected benefit obligation balances.
Which of the following is TRUE of the Fair Value Adjustment - Trading account for trading debt investments?
A) It will always have a credit balance. B) It will always have a debit balance. C) It is considered as an adjunct account if it has a credit balance. D) It is considered as an adjunct account if it has a debit balance.
Which of the following are tools used by hackers and Internet criminals to disrupt individual computers and entire company systems?
A) encryption and authentication B) worms and viruses C) sniffers and webinars D) firewalls and decoders E) passwords and private exchanges
The best advice for preparing a formal business report is to ________
A) collect data and write the report at the same time B) proofread the final copy three times C) complete the hardest sections first to gain a sense of accomplishment D) use the same verb tense throughout the report for consistency