Which of the following statements is not true relating to a defined contribution pension plan?
A) A defined contribution plan defines the contributions of the company to the pension plan.
B) Once the defined contribution is paid, the company has no further obligation to the pension plan.
C) This type of plan shifts the risk to the employee as to whether the pension plan will grow to provide for a reasonable pension payment upon retirement.
D) There is no problem estimating the company's pension expense.
E) This type of plan presents substantial
Correct Answer:
Verified
Q22: The balance sheet pension liability considers the
Q24: The debt to tangible net worth ratio
Q27: When a portion of operating lease payments
Q28: As with the debt ratio and the
Q30: Under generally accepted accounting principles,an item must
Q32: Some companies achieve benefits by hundreds of
Q44: In the short run,a firm can often
Q47: The tax expense for the financial statements
Q49: Some revenue and expense items never go
Q55: Increases of profits by cutting the cost
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents