Which of the Following Statements Regarding Employer Reporting of Pension

question 26

Multiple Choice

Which of the following statements regarding employer reporting of pension trust funds is not correct?

• A) Governmental funds report net pension liabilities of governmental fund employees as a fund liability.
• B) Contributions by the governmental funds are recorded as expenditures in the General Fund.
• C) The net pension liabilities are reported in the government-wide statements.
• D) The net pension liabilities of proprietary fund employees are reported in the proprietary fund-basis statements

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Definitions:

Judicial Review

Judicial review is the doctrine under which legislative and executive actions are subject to review by the judiciary to affirm their legality or compliance with the constitution.

Constitutionality

The quality of being in accordance with the constitution or being authorized by the constitution.

Supreme Court

The highest judicial court in a country or state, often having the final say in legal matters and interpretations of the law.

Social Welfare

Government or private programs aimed at providing assistance and support to individuals or groups in need.