What Account Should Be Credited in a Pension Trust Fund

question 150

Multiple Choice

What account should be credited in a pension trust fund to record employee contributions?

• A) Other Financing Sources
• B) Net Assets
• C) Pension Benefit Obligation
• D) Additions

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Definitions:

Act of State Doctrine

A principle in international law that a nation is sovereign within its own borders and its domestic actions may not be questioned in the courts of another nation.

Arbitration Clause

A provision in a contract that requires disputes between the parties to be resolved through arbitration rather than through litigation in court.

Expropriation

The seizure by a government of privately owned business or personal property for a proper public purpose and with just compensation.

National Interests

The strategic, economic, and political goals or priorities of a nation considered important for its welfare and security.