Pension Reporting for State and Local Governments That Have Established

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

A) A net pension liability is reported in an employer's government-wide financial statements.
B) The actuarial accrued liability is reported in an employer's government-wide statement of net position.
C) Governments have an option of reporting or not reporting the net pension liability in an employer's government-wide statement of net position.
D) Changes in the net pension liability is reported as pension expense in an employer's government-wide statement of activities.