When accounting for pension benefits, the net pension obligation for employees of proprietary activities is:
A) Reported in the government-wide statements.
B) Reported in the proprietary fund-basis statements.
C) Both A and B.
D) Neither A nor B.

Question

Quizplus · Accepted Answer

The government-wide Statement of Net Position reports the net pension liability for employees engaged in governmental and business-type activities
Proprietary funds report the net pension liability for employees in the fund-basis Statement of Net Position

When Accounting for Pension Benefits, the Net Pension Obligation for Employees