Accounting Which of the following statements is not correct about defined contribution plans? A. The employer controls the investment choices on the employees' behalf. B. The promise is the amount of...

Extracted text: Accounting Which of the following statements is not correct about defined contribution plans? A. The employer controls the investment choices on the employees' behalf. B. The promise is the amount of contributions the employer will make periodically. C.The size of payments depends on success of investments. D. No explicit promise is made about the size of the periodic benefits the employee will receive during retirement.