please answer 6. Under a defined contributionplan, which of the followingstatements is false? *The actual contribution is the amountrecorded as employee benefit expenseThe required contribution is fixed, and isO the amount recorded as employeebenefit expense.If the actual contribution is more thanO the required contribution, there is aresulting prepaid employee benefit.If the actual contribution is less than theO required contribution, there is a resultingaccrued employee benefit expense.All of the choices are true. 5. For a sales type lease *O No Interest income is recognizedThe sales price includes the presentvalue of the unguaranteed residual valueThe present value of the guaranteedresidual value is deducted to determinethe cost of goods soldThe gross profit will be the samewhether the residual value is guaranteedor unguaranteed.

Lease is a contract where one party provides other party rights to use a property on fixed payments…

Answered: 6. Under a defined contribution plan,…

6. Under a defined contribution plan, which of the following statements is false? * The actual contribution is the amount recorded as employee benefit expense

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter19: Accounting For Post Retirement Benefits

Section: Chapter Questions

Problem 1MC: The actuarial present value of all the benefits attributed by the pension benefit formula to...

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Market Efficiency

Market efficiency refers to the market's ability to provide investors with all available information about investment options for buying and selling securities. Market efficiency reflects the true value of securities without undervaluing or overvaluing them. When the quality and quantity of information increase, the market becomes more efficient, allowing it to reduce arbitrage and obtain higher market returns from investment. In a well-functioning market, everyone receives all information completely and immediately at no cost. It opens up a plethora of opportunities for investors to access various investment options.

Question

please answer

6. Under a defined contribution
plan, which of the following
statements is false? *
The actual contribution is the amount
recorded as employee benefit expense
The required contribution is fixed, and is
O the amount recorded as employee
benefit expense.
If the actual contribution is more than
O the required contribution, there is a
resulting prepaid employee benefit.
If the actual contribution is less than the
O required contribution, there is a resulting
accrued employee benefit expense.
All of the choices are true.

5. For a sales type lease *
O No Interest income is recognized
The sales price includes the present
value of the unguaranteed residual value
The present value of the guaranteed
residual value is deducted to determine
the cost of goods sold
The gross profit will be the same
whether the residual value is guaranteed
or unguaranteed.

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