efined contribution  plan? I. An entity shall not disclose the amount recognized as expense for a defined  contribution plan. II. Any unpaid contribution at the end of the period shall be recognized as accrued  liability. 2. Which is incorrect concerning the recognition and measurement of a defined benefit plan? I. The defined benefit plan must be fully funded. II. The obligation is

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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1. Which is incorrect concerning the recognition and measurement of a defined contribution 
plan?
I. An entity shall not disclose the amount recognized as expense for a defined 
contribution plan.
II. Any unpaid contribution at the end of the period shall be recognized as accrued 
liability.

2. Which is incorrect concerning the recognition and measurement of a defined benefit plan?
I. The defined benefit plan must be fully funded.
II. The obligation is measured on a discounted basis

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