Examlex
Which of the following formulas is not used to determine pension benefits for defined benefit pension funds?
Fees Earned
Income generated from providing services, regarded as a revenue for the entity performing the service.
Rent Revenue
Earnings from property that is leased to others for use.
Revenue Accounts
Accounts that track the income earned from a company's primary operations and other activities.
Closing Entries
Journal entries made at the end of an accounting period to transfer balances from temporary accounts to permanent accounts.
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