A Governmental Employer Who Makes Contributions to Pension Plans for All

question 12

Multiple Choice

A governmental 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 the above.

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Definitions:

Congruent

In agreement or harmony; often used in mathematics to refer to figures that are identical in shape and size.

Taft-Hartley Act

A 1947 federal law in the United States that restricts the activities and power of labor unions.

National Industrial Recovery Act

A 1933 U.S. legislation aimed at economic recovery during the Great Depression, which sought to stimulate industrial production and improve labor conditions.

National Industrial Recovery Act

A law enacted in 1933 as part of the New Deal to stimulate economic recovery by regulating industry, promoting fair wages and working hours, and encouraging collective bargaining for workers.