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    Business
  3. Study Set
    Accounting for Governmental
  4. Exam
    Exam 8: Accounting for Fiduciary Activities—Custodial and Trust Funds
  5. Question
    A Defined Benefit Plan Specifies the Amount or Rate of Contribution
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A Defined Benefit Plan Specifies the Amount or Rate of Contribution

Question 25

Question 25

True/False

A defined benefit plan specifies the amount or rate of contribution that the employer and employees must contribute to the members' accounts in the pension plan.

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