Under a Defined-Contribution Plan,your Employer Alone or You and Your

question 131

True/False

Under a defined-contribution plan,your employer alone or you and your employer together contribute directly to an individual account set aside specifically for you.

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Definitions:

Cash Flow

The total amount of money being transferred into and out of a business, representing the operational, investing, and financing activities over a period.

Long-term Debt

Financial obligations or loans that are due for repayment beyond a period of one year.

Dividends Payable

Liabilities representing a company's obligation to pay shareholders a declared dividend.

Operating Activities Section

A part of a company's cash flow statement that shows the cash flow from its core business operations.