When accounting for defined benefit pensions, the net pension liabilities for police and fire department employees governmental activitiesare:

Question

Quizplus · Accepted Answer

Government funds do not report a pension liability. They are prepared using the current financial resources measurement focus and modified accrual basis of accounting. The government-wide Statement of Net Position report the net pension liability as a liability. Government-wide statements accrual accounting and the economic resources measurement focus.

When Accounting for Defined Benefit Pensions, the Net Pension Liabilities