Q1. The financial statements of Pace Industries issued over the past five years show a progressively increasing net difference between the value of its pension fund and the projected future pension liability on the balance sheet. Pace most likely offers which of the following types of pension plans to its employees? A) A 401(k) plan. B) A defined contribution plan. C) A defined benefit plan.
Q2. Prime Bank promises each of its full-time employees that it will pay them $100 a month after retirement for every completed year of service. This type of pension plan is called a: A) non-pay-related defined benefit plan. B) non-pay-related defined contribution plan. C) pay-related defined benefit plan.
Q3. When considering the major differences between a defined contribution and a defined benefit pension plan, which of the following statements is most accurate? A) Accounting for a defined contribution pension plan is the most complicated because of the many investment options available to the employees. B) A company with a defined contribution plan will report on its balance sheet the net difference between the value of the pension fund assets and the value of the pension liability. C) Among the different types of pension plans, accounting for a pay-related defined benefit plan is the most complicated because of the required actuarial assumptions.
[此贴子已经被作者于2009-1-17 14:17:33编辑过] | 
发表于 2009-1-17 14:16
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