Which Statement About "Defined Contribution Plans" Is Not Correct

question 73

Multiple Choice

Which statement about "defined contribution plans" is not correct?

• A)Pension expense equals the contributions made based on the plan formula.
• B)Pension expense equals the present value of the future benefits to be paid to the retiree.
• C)Pension cost may be capitalized to the cost of inventory.
• D)Pension cost may be capitalized to the construction cost of property,plant and equipment.

Differentiate between government securities such as Treasury bills, notes, and bonds.

Identify and understand the ways investors can earn returns from bonds.

Comprehend the specifics of bond interest payments and how they are determined.

Understand the legal aspects and documentation related to bond issuance.

---

Definitions:

Civil Rights

The rights of individuals to receive equal treatment (and to be free from unfair treatment or discrimination) in a number of settings – including education, employment, housing, and more – based on certain legally-protected characteristics.

Segregation

The enforced separation of different racial, ethnic, or socio-economic groups within society, historically manifested through discriminatory laws and practices.

Jim Crow

Laws or practices that enforced racial segregation and discrimination against African Americans in the southern United States, primarily from the late 19th century through the mid-20th century.

Fourteenth Amendment

An amendment to the U.S. Constitution, ratified in 1868, that grants citizenship to all persons born or naturalized in the United States, including former slaves, and provides all citizens with “equal protection under the laws.”