WHICH OF THE FOLLOWING STATEMENTS ABOUT DEFINED BENEFIT AND DEFINED...

1. Which of the following statements about defined benefit and defined contribution pension plans is least accurate? A. A company with a defined benefit plan will report on its balance sheet the net difference between the value of the pension fund assets and the value of the pension liability. B. Accounting for a defined contribution plan is complicated because many investment options are available to the employees. C. Accounting for defined benefit plan is complicated because of the required actuarial assumptions. LO.b: Explain and calculate measures of a defined benefit pension obligation (i.e., present value of the defined benefit obligation and projected benefit obligation) and net pension liability (or asset).