Which of the Following Is True Regarding Pension Accounting and Reporting

question 9

Multiple Choice

Which of the following is 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 Position.
• B) The pension trust fund Statement of Fiduciary Net Position reflects the net pension liability the excess of the total benefit obligation over the net position available for benefits.
• C) Both A and B.
• D) Neither A nor B.

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