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Pension reporting for state and local governments that have established a qualifying irrevocable trust require that:...

Pension reporting for state and local governments that have established a qualifying irrevocable trust require that: Select one: A. Changes in the net pension liability is reported as pension expense in an employer's government-wide statement of activities. B. Governments have an option of reporting or not reporting the net pension liability in an employer's government-wide statement of net position. C. The actuarial accrued liability is reported in an employer's government-wide statement of net position. D. A net pension liability is reported in an employer's government-wide financial statements.

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Ans D. A net pension liability is reported in an employer's government-wide financial statements.

Pension reporting for state and local governments that have established a qualifying irrevocable trust require that a net pension liability is reported in an employer's government-wide financial statements.

ekkarill92 answered 1 year ago
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