Match the items below by entering the appropriate code letter in the space provided.
A. Finance lease
B. Contingent liability
C. Operating lease
D. Defined-benefit plan
E. Defined-contribution plan
____ 1. A contractual arrangement that gives the lessee temporary use of property.
____ 2. The cash paid by the employer to the pension plan is defined.
____ 3. A contractual arrangement which is in effect a purchase of property.
____ 4. A pension plan where employee receipts after retirement are defined.
____ 5. A potential liability that may become an actual liability in the future.

Question

Match the items below by entering the appropriate code letter in the space provided.
A. Finance lease 
B. Contingent liability 
C. Operating lease
D. Defined-benefit plan 
E. Defined-contribution plan
____ 1. A contractual arrangement that gives the lessee temporary use of property.
____ 2. The cash paid by the employer to the pension plan is defined.
____ 3. A contractual arrangement which is in effect a purchase of property.
____ 4. A pension plan where employee receipts after retirement are defined.
____ 5. A potential liability that may become an actual liability in the future.

Quizplus · Accepted Answer

The Answer of Match the items below by entering the appropriate code letter in the space provided.
A. Finance lease 
B. Contingent liability 
C. Operating lease
D. Defined-benefit plan 
E. Defined-contribution plan
____ 1. A contractual arrangement that gives the lessee temporary use of property.
____ 2. The cash paid by the employer to the pension plan is defined.
____ 3. A contractual arrangement which is in effect a purchase of property.
____ 4. A pension plan where employee receipts after retirement are defined.
____ 5. A potential liability that may become an actual liability in the future.

Match the Items Below by Entering the Appropriate Code Letter