A Government Employer Who Makes Contributions to Pension Plans for All

question 24

Multiple Choice

A government employer who makes contributions to pension plans for all employees:

• A) Reports pension expenditures in a governmental fund in the amount actually contributed.
• B) Reports pension expenses in a proprietary fund reflecting changes to the net pension liability.
• C) Recognizes pension costs in the government-wide statements on the accrual basis of accounting.
• D) All of these are correct.

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Definitions:

Different Agreement

Refers to an alternate or varied contractual arrangement distinct from an original or previous one.

Managing Partner

An owner of a partnership who has the authority and responsibility to manage the day-to-day operations of the business.

Partnership Business

A business structure in which two or more individuals manage and operate a business in accordance with the terms and objectives set out in a Partnership Agreement.

Full Information

A state in which all relevant data and facts are disclosed, allowing for well-informed decision making.