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compare the presentation and disclosure of defi ned contribution and defi ned benefi tpension plans;

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter13: Sustainability Reporting

Section: Chapter Questions

Problem 12MC: Which standards are considered universal under the GRI? A. economic, environmental, social B....

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Question

compare the presentation and disclosure of defi ned contribution and defi ned benefi t
pension plans;

Expert Solution

Step 1

Pension Plans:

These types of plans provide retirees the benefit of the services that they provided during their employment period. It is usually used as an intermediary, therefore, satisfying the pension obligations of the employer.

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