Distinguish agent and cost-sharing multiemployer plans

Assignment Help Accounting Basics

Reference no: EM131525776

Question: With regard to current GASB standards for pension reporting do the following:

a. Distinguish between

(1) defined contribution plans and

(2) defined benefit plans.

b. Distinguish between

(1) agent and

(2) cost-sharing multiemployer plans.

c. Define the following terms:

(1) annual required contribution and

(2) net pension obligation.

d. Distinguish between expenditure/expense reporting for

(1) agent multiemployer plans and

(2) cost-sharing multiemployer plans.

e. Distinguish between reporting for employers for

(1) general government employees and for

(2) enterprise fund employees.

Reference no: EM131525776

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