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"1. Jones CO. has a defined contribution pension plan for its workers. Under this type of plan, which best describes the contingent liability
"1. Jones CO. has a defined contribution pension plan for its workers. Under this type of plan, which best describes the contingent liability associated with the plan?1. Jones has a contingent liability until the employee retires.2. Jones has no contingent liability.3. the trsutee of the plan has the contingent liability