Which Is Not a Debit Transaction

question 3

Multiple Choice

Which is not a debit transaction ?

• A)Export of goods and services
• B)Primary income receivable
• C)Secondary income receivable
• D)None of the above

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Definitions:

Projected Benefit Obligation

The present value of estimated future payments required to settle the obligations of a pension plan over its employees' expected future service.

Plan Assets

Assets that are held by a retirement plan from which the benefits to the participants are to be paid.

Funded Status

A measure of the financial health of a pension plan, indicating the difference between plan assets and liabilities.

Actuarial Value

A measure of the average amount of benefit a health insurance plan is expected to pay, used to compare different health insurance policies.