9. Which of the following is FALSE? a. Amounts withheld from employees in connection with payroll often represent liabilities to be remitted to third parties. b. A customer advance produces a liability that is satisfied when the product or service is provided. c. An asset for a gain contingency should not be accrued unless it is probable that the gain contingency will be realized. d. all of the above are false e. all of the above are true

Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)