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What is the service cost to be included in the current year's postretirement benefit expense?
Net Position
Net Position represents the difference between an entity's assets and liabilities, indicating the financial health or net worth of an entity.
Fund Balance
The difference between the assets and liabilities in a governmental fund, representing the net assets available for spending.
Statement of Activities
A financial report mostly used by non-profit organizations, displaying revenues, expenses, and changes in net assets for a specific period.
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