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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An instruction in Java that represents a complete unit of execution, like declaring a variable or invoking a method.

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