Which of the Following Statements Is Not Required for Pension

question 91

Multiple Choice

Which of the following statements is not required for pension trust funds?

• A) Statement of Fiduciary Net Assets.
• B) Statement of Changes in Fiduciary Net Assets.
• C) Statement of Fiduciary Cash Flows.
• D) None of the above; all three statements should be prepared for pension-trust funds.

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Definitions:

Tax

A mandatory contribution to state revenue, levied by the government on workers' income and business profits or added to the cost of some goods, services, and transactions.

Burden

A heavy load, often referring to the impact or cost of something on individuals or society.

Buyers

Individuals or entities that purchase goods or services for personal use or for the purpose of reselling.

Sellers

Individuals or entities that offer products or services for sale to buyers in a marketplace.