The amount of pension expenditures that a government should recognize in its general fund financial statements during the current year is
A) The amount paid.
B) The amount paid plus the amount that will be paid with available expendable financial resources.
C) The amount paid so long as it does not exceed the contractually agreed amount.
D) The contractually agreed amount.

Question

Quizplus · Accepted Answer

The government should recognize the amount paid plus the amount that will be paid with available expendable financial resources, as this reflects the financial resources available for pension expenditures in the current year.

The Amount of Pension Expenditures That a Government Should Recognize