According to PAS 26, a hybrid plan is accounted for as a. defined benefit plan b. defined contribution plan c. a or b d. party a and partly
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According to PAS 26, a hybrid plan is accounted for as
a. defined benefit plan
b. defined contribution plan
c. a or b
d. party a and partly b
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- They are the Defined Contribution Plans and Defined Benefit Plans. What are the distinct differences between the two plans? State the core differences and also their advantages and disadvantages, if any. a. Defined Contribution Plan: b. Defined Benefit Plan:True/False 1. Plan forfeitures under a defined benefit plan may be allocated to remaining participants in a non-discriminatory manner or go towards reducing plan administration costs. a. True b. FalseExplain the difference between defined-benefit and defined-contribution plans?
- Determine the meaning of the following terms. a. Contributory plan. b. Vested benefits. c. Retroactive benefits. d. Years-of-service method.1. All of the following are components of the defined benefit cost except * unvested past service cost interest on the effect of the asset ceiling loss on settlement return on plan assets 2. Which of the following are recognized in other comprehensive income? service cost net interest in net defined benefit liability (asset) amortization of actuarial gains or losses difference between interest income on plan assets and return on plan assets 3. The balance of the present value of defined benefit obligation is affected by all of the following except * actuarial gains or losses interest cost current service cost contributions to the fund 4. If the present value of the defined benefit obligation exceeds the fair value of the plan assets, there is * deficit surplus expense prepaid accrued benefit costWhere a post-employment benefit plan contains characteristics of both defined contribution and defined benefit, the plan is considered to be a. Defined contribution plan b. Defined benefit plan c. High breed plan d. a or b
- How do defined-benefit plans differ from defined contribution plans?The balance of the present value of defined benefit obligation is affected by all of the following except * actuarial gains or losses interest cost current service cost contributions to the fundIn computing the ending balance of defined benefit obligation, which of the following is deducted from the beginning balance? (1) Current service cost (2) Actuarial loss (3) Actuarial gain (4) Benefits paid 1 and 4 O 3 and 4 O 1 and 3 2 and 3