In pension accounting, the employer's net pension liability: A.Is the amount the government intends to contribute within 30 days after yearend to the pension plan. B.Is based on actuarial valuations generally required to be performed at least every five years. C.Represents the portion of the present value of projected benefit payments to be provided through the pension plan to current active and inactive employees that is attributed to those employees' past periods of service. D.Is measured as the total pension liability less the amount of fiduciary net position held for future pension payments.

Govermetal accounting standard Board 68 defined the Net pension liabilities. The net pension…

Answered: In pension accounting, the employer's…

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter19: Accounting For Post Retirement Benefits

Section: Chapter Questions

Problem 8RE

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Question

In pension accounting, the employer's net pension liability:

	A.	Is the amount the government intends to contribute within 30 days after yearend to the pension plan.
	B.	Is based on actuarial valuations generally required to be performed at least every five years.
	C.	Represents the portion of the present value of projected benefit payments to be provided through the pension plan to current active and inactive employees that is attributed to those employees' past periods of service.
	D.	Is measured as the total pension liability less the amount of fiduciary net position held for future pension payments.