In financial reporting for proprietary funds and at the government-wide level,the employer's pension expense for the period is equal to:

Question

Quizplus · Accepted Answer

The employer's pension expense for the period includes current year benefits, interest on prior pension liabilities, plan changes, amortization of deferred amounts, and other changes to the net pension liability. It is not simply the employer's contribution or annual required contribution, as those may not reflect the actual cost of the pension plan for the period. Therefore, option C is the best choice.

In Financial Reporting for Proprietary Funds and at the Government-Wide