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

question 1

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 actuarially computed pension liability exceeded pension plan assets.

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Definitions:

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A psychological theory that examines the individual's sense of belonging to particular social groups and how it affects perceptions and behaviors.

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