In all pension plans, the accounting include all the following except

Question

Quizplus · Accepted Answer

Determining the level of individual premiums is not part of the accounting for pension plans. It is the responsibility of the plan sponsor to decide on the level of premiums that participants will pay. The accounting for pension plans includes measuring the amount of pension obligation, disclosing the status and effects of the plan in the financial statements, and allocating the cost of the plan to the proper periods.

In All Pension Plans, the Accounting Include All the Following