efined contribution plan? I. An entity shall not disclose the amount recognized as expense for a defined contribution plan. II. Any unpaid contribution at the end of the period shall be recognized as accrued liability. 2. Which is incorrect concerning the recognition and measurement of a defined benefit plan? I. The defined benefit plan must be fully funded. II. The obligation is
efined contribution plan? I. An entity shall not disclose the amount recognized as expense for a defined contribution plan. II. Any unpaid contribution at the end of the period shall be recognized as accrued liability. 2. Which is incorrect concerning the recognition and measurement of a defined benefit plan? I. The defined benefit plan must be fully funded. II. The obligation is
Chapter19: Deferred Compensation
Section: Chapter Questions
Problem 2DQ
Related questions
Question
1. Which is incorrect concerning the recognition and measurement of a defined contribution
plan?
I. An entity shall not disclose the amount recognized as expense for a defined
contribution plan.
II. Any unpaid contribution at the end of the period shall be recognized as accrued
liability.
2. Which is incorrect concerning the recognition and measurement of a defined benefit plan?
I. The defined benefit plan must be fully funded.
II. The obligation is measured on a discounted basis
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