Which of the Following Is True Regarding Pension (And Other

question 146

Multiple Choice

Which of the following is true regarding pension (and other employee benefit) trust funds?

• A) The actuarially computed Pension Benefit Obligation is reported in the Statement of Fiduciary Net Assets.
• B) While full accrual accounting is used, the terms "additions" and "deductions" are used in the Statement of Changes in Fiduciary Net Assets in lieu of "revenues" and "expenses."
• C) Both of the above.
• D) Neither of the above.