Which of the following is/are true regarding the accounting for defined contribution plans?
a. When pension assets equal pension liabilities and the expected rate of return on pension investments equals the discount rate used to compute the projected benefit obligation, the amounts offset each other.
b. When the interest cost exceeds the expected return on pension investments, either employer contributions or future earnings on pension plan investments must make up the difference.
c. Computing pension expense (or credit) using the expected return (not the actual return) rests on the view that pension plans should take a long-term perspective and generate earnings from investments based on a long-term expected rate of return.
d. Annual deviations from the long-term expected rate of return should not flow through to net income as they occur.
e. all of the above
E
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When Aaron went to his doctor for his annual checkup, he was asked to undergo a number of tests. Although the doctor assured Aaron that the tests were routine, Aaron thinks that the doctor is hiding a grave problem from him
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The detailed design report contains all of the following except
a. input screen formats b. alternative conceptual designs c. report layouts d. process logic