When accounting for other postemployment benefits,the OPEB obligation for employees of governmental activities is:

Question

Quizplus · Accepted Answer

Other Postemployment Benefits (OPEB) obligation for employees of governmental activities is required to be reported in the government-wide financial statements, but not the fund basis financial statements. The OPEB obligation is the cumulative difference between the amount funded and the annual required contribution. Therefore, both options A and B are correct.

When Accounting for Other Postemployment Benefits,the OPEB Obligation for Employees