A Recent Proposed Changed in Pension Reporting Is That

question 23

Multiple Choice

A recent proposed changed in pension reporting is that:

• A)a net pension liability is reported in an employer's government-wide financial statements
• B)the actuarial accrued liability is reported in an employer's government-wide statement of net position
• C)governments no longer have the option of reporting or not reporting the net pension liability in an employer's government-wide statement of net position
• D)changes in the net pension liability are reported as an expense in an employer's government-wide statement of activities

---

Definitions:

Phenomenological Perspective

An approach in psychology focusing on the subjective experience of individuals and how they perceive and interpret their world.

Construals

Psychological terms for an individual's unique interpretation or perception of the world, influencing their thoughts, feelings, and actions.

Family History

The recorded health, genetic, and social history of a person's family, used to assess risks or patterns that may affect an individual.

Positive Psychology

A branch of psychology focused on the study of positive human functioning, aiming to discover and promote factors that allow individuals and communities to thrive.