Which of the Following Is Not True Regarding Pension Accounting

question 47

Multiple Choice

Which of the following is not true regarding pension accounting and reporting?

• A) Local governments include only the pension plans for which it is trustee in pension trust funds Statement of Fiduciary Net Assets.
• B) The pension trust fund Statement of Fiduciary Net Assets reflects the accrued actuarial liability (the excess of the projected benefit obligation over the net assets available for benefits).
• C) Pension investments are recorded at fair (market) value.
• D) None of the above; all are true.

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