Which of the Following Is True Regarding Pension Accounting and Reporting

question 76

Multiple Choice

Which of the following is true regarding pension accounting and reporting for state and local governments?

• A) When the General Fund makes a contribution to a pension trust fund, the account "Expenditures" is debited.
• B) The Statement of Changes in Fiduciary Net Assets reports "additions" and "deductions," computed on the accrual basis.
• C) Both of the above.
• D) Neither of the above.

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A report of the exact words of an author or speaker, typically enclosed in quotation marks.

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The act of copying someone else's work or ideas and presenting them as one's own without crediting the original source.

Summary

A brief statement or account that covers the main points of a more extensive document or presentation.

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The act of rewording text or speech to achieve clearer understanding, often to simplify or clarify meaning.