Defined contribution pension plan is associated with

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Reference no: EM132016284

1. Gary's Gizmos pays health insurance benefits to employees who retired early. How are these obligations accounted for according to SFAS No. 106?

a. Extraordinary items

b. Other post-employment benefit obligations that are reported only as other comprehensive income

c. On a pay-as-you-go basis

d. Other post-employment benefit obligations that are liabilities

2. A defined contribution pension plan is associated with:

a. Early retirement of all employees

b. A company committed to specific retiree benefit levels at retirement

c. A company committed to specific levels of contributions to the pension plan of the employee

d. A company committed to no cash payments for pensions until the employee actually retires

3. Company incentives for using a defined benefit pension plan include:

a. It is always cheaper than a defined contribution plan

b. Pension expenses are never reported on the income statement

c. Employer has no future liability beyond contributions

d. Paternalistic attitude to employees, since employer maintains all obligation risks, or potential for earnings management

Reference no: EM132016284

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