Author Question: A recent proposed changed in pension reporting is that: a. a net pension liability is reported in ... (Read 81 times)

maychende

  • Hero Member
  • *****
  • Posts: 556
A recent proposed changed in pension reporting is 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 no longer have the 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 are reported as an expense in an employer's government-wide statement of activities

Question 2

The matching principle offers the best measure of net income.
 a. True
   b. False
   Indicate whether the statement is true or false



wtf444

  • Sr. Member
  • ****
  • Posts: 314
Answer to Question 1

a

Answer to Question 2

True



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

In 2012, nearly 24 milliion Americans, aged 12 and older, had abused an illicit drug, according to the National Institute on Drug Abuse (NIDA).

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Giardia is one of the most common intestinal parasites worldwide, and infects up to 20% of the world population, mostly in poorer countries with inadequate sanitation. Infections are most common in children, though chronic Giardia is more common in adults.

Did you know?

The ratio of hydrogen atoms to oxygen in water (H2O) is 2:1.

Did you know?

Chronic marijuana use can damage the white blood cells and reduce the immune system's ability to respond to disease by as much as 40%. Without a strong immune system, the body is vulnerable to all kinds of degenerative and infectious diseases.

For a complete list of videos, visit our video library