The Schedule of Changes in Long-Term Obligations Contains an Account

question 27

Multiple Choice

The Schedule of Changes in Long-Term Obligations contains an account Net Pension Obligation.Which of the following describes the event that gave rise to this account?

• A)The actual contribution by a proprietary fund was less than the actuarially required contribution.
• B)The actual contribution by a governmental fund was less than the actuarially required contribution.
• C)The actuarially computed pension liability exceeded the pension plan assets.
• D)The pension plan assets exceeded the actuarially computed pension liability.

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Definitions:

Peripheral Nervous System

The segment of the nervous system comprising the nerves and neural clusters found beyond the brain and spinal cord.

Sensory Pathway Neurons

Nerve cells involved in the paths that sensory information travels from the sensory organs to the brain for processing.

Central Nervous System

The part of the nervous system consisting of the brain and spinal cord, responsible for processing and sending out neural signals.

Autonomic Nerves

Nerves that control involuntary functions in the body, such as heart rate, digestion, and respiratory rate.