Match Each Statement with the Correct Term Below

question 12

Multiple Choice

Match each statement with the correct term below.
-Defined contribution plan

• A)A separate, parallel tax system designed to ensure a taxpayer pays some tax.
• B)A compensation tool that is based on potential price increases of the company's stock.
• C)An individual trust account maintained for the exclusive benefit of an individual or beneficiary.
• D)A type of defined contribution pension plan in which the company and the employee contribute a fixed percentage of the employee's salary to the plan.
• E)A pension plan in which the benefits are based on the number of years an employee has worked for a company and on the employee's annual salary.
• F)A pension plan whose benefits are determined by the amount of contributions the employee and the company contribute to the plan and the earnings of the plan.

---

Definitions:

Unrealized Holding Gain

The increase in value of an asset that has not been sold, hence the gain is not realized as actual profit.

Other Comprehensive Income

Income that includes all changes in equity except those resulting from investments by owners and distributions to owners.

Remaining Useful Lives

The estimated periods or units of production during which assets are expected to be productive or useful.

Consolidation Process

The consolidation process involves combining the financial statements of a parent company with those of its subsidiaries to create a comprehensive group financial report.