Jay County Received a Report from Its Actuary That Stated

question 56

Multiple Choice

Jay County received a report from its actuary that stated its unfunded pension liability was $100,000, and a deposit of $15,000 needed to be made prior to the end of the fiscal year to the Pension Trust Fund. Jay should record:

• A)an $100,000 expenditure in the general fund.
• B)$100,000 as general long-term debt in the GLTDAG.
• C)a $15,000 expenditure in the general fund.
• D)None of the above.

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Definitions:

Peripheral Route

A method of persuasion that relies on superficial cues rather than the message's content.

Persuasion

The process of influencing someone's beliefs, attitudes, intentions, motivations, or behaviors through argument, messaging, or appeal.

Factors

Variables or elements that contribute to a particular outcome or situation.

Attitudes

A settled way of thinking or feeling about someone or something, typically reflected in a person's behavior.