The accounting parameters established by GASB Statement No. 67 require which financial statements to be reported for a defined benefit pension plan?
I. Statement of Plan Net Position
II.Statement of Changes in Plan Net Position
III.Statement of Revenues, Expenses, and Changes in Fund Net Position
IV. Statement of Cash Flows

Question

The accounting parameters established by GASB Statement No. 67 require which financial statements to be reported for a defined benefit pension plan? 
I. Statement of Plan Net Position
II.Statement of Changes in Plan Net Position
III.Statement of Revenues, Expenses, and Changes in Fund Net Position
IV. Statement of Cash Flows

Quizplus · Accepted Answer

GASB Statement No. 67 requires defined benefit pension plans to report a Statement of Plan Net Position and a Statement of Changes in Plan Net Position. These statements focus on the resources available to pay benefits to retirees and the changes in those resources.

The Accounting Parameters Established by GASB Statement No