問題一覧
1
Which statement characterizes defined contribution plan?
The employer's obligation is satisfied by making the appropriate amount of periodic contribution.
2
Which is not acharacteristic of defined contribution plan?
The benefits to be received are usuallydetermined by an employee's highest salary.
3
A formula in a defined contribution plan
Requires an employer to contribute a certain sum each period, based on the formula.
4
Which statement istrue concerning the recognition and measurement of a defined contribution plan?
All of these statements are true abont a defined contribution plan.
5
Which statement characterizes defined benefit plan?
Retirement benefits are based on the plan's benefit formula.
6
Which statement is incorrect concerning the recognition and measurement of a defined benefit plan?
The defined benefit plan must be fully funded.
7
In a benefit plan, the process of funding refers to
Makingthe periodic contributions to a funding agency to ensure that funds areavailable to meet claims.
8
In accounting for a defined benefitplan
The expense recognized each period is equal to the cash contribution to the plan.
9
The formula in a defined benefit plan
Defines the benefits that the employee will receive a t the. time of retirement.
10
In rare, circumstances, when a retirement benefit plan has attributes of both defined contribution and defined benefit plan, the plan is deemed
Defined benefit plan
11
The components of defined benefit cost include all of the following, except.
Contribution to the plan
12
The service cost of a defined benefit plan comprises all of the following, except
Net interest
13
Which of the following components of defined benefit cost shall be recognized through other comprehensive income?
Remeasurements
14
Remeasurements of defined benefit plan include
All of these are included in remeaurements of defined benefit plan.
15
When an entity amends a pension plan, past service cost should be
Reported as an expense in the period the plan is amended
16
What si net interest ni relation ot a defined benefit cost?
The difference between interest expense on defined benefit liability, interest expense on effect of asset ceiling and interest income on plan assets
17
Which of the following should be included in plan assets?
Both assets held by a long-term employee benefit fund and qualifying insurance policy
18
The return on plan assets
Includes interest, dividends and change in the fair - value of the plan assets during the year.
19
Plan assets must satisfy all of the following conditions, except
The assets can be returned to the entity even if the assets are insufficient to meet benefit obligations.
20
It is an insurance policy issued by an insurer t h a tis not a relatedparty of the reporting entity and the proceeds of the policy can be used only to pay employee benefits.
Qualifying insurance policy