ACC 423 Week 4 DQs

This paperwork of ACC 423 Week 4 Discussion Questions comprises:

DQ1: What are the differences and similarities between a defined contribution plan and a defined benefit plan? As an employee, would you rather have a defined contribution plan or a defined benefit plan? Explain why. As an employer, would you rather offer a defined contribution plan or a defined benefit plan? Explain why.

DQ2: What are the components of pension expense? How is the interest rate determined? Why are prior service costs amortized? How do the components of pension expense differ among the various types of contribution and benefit plans?

DQ3: For the last DQ this week, please choose ONE of the BRIEF exercises from chapter 20 and present your solution in this thread. Be sure to show your work to receive credit for this question.