The Objective of Accounting for Defined Benefit Plans Is to

question 105

Multiple Choice

The objective of accounting for defined benefit plans is to

• A) calculate the actual amounts employees will receive at retirement.
• B) recognize the appropriate expense and liability over the accounting periods in which the related services are provided by the employees.
• C) calculate the current service cost.
• D) determine which employees' rights have vested.

---

Definitions:

Human

A member of the species Homo sapiens, characterized by advanced cognitive abilities and society-building behavior.

Social Dominance Orientation

is an attitude characterized by a preference for hierarchy within societies and the domination of lower-status groups by higher-status groups.

Social Order

The organized pattern of social relationships and social institutions that together compose society.

Place

A particular position, point, or area in space; a location.