Which of the following is true regarding fiduciary funds?
A) When a government provides employees a defined benefit pension plan, the government is required to present a ten year Schedule of Changes in Net Pension Liability and Related Ratios as required supplementary information
B) Governmental type funds report a net pension liability representing the unfunded pension obligation.
C) Both of the above.
D) Neither of the above.

Question

Quizplus · Accepted Answer

When a government provides employees a defined benefit pension plan, the government is required to present a ten-year Schedule of Changes in Net Pension Liability and Related Ratios as part of RSI.

Which of the Following Is True Regarding Fiduciary Funds