The City of Huble has a defined benefit pension plan for a number of its employees. Which of the following is not included immediately in the determination of pension expense that this government should recognize in its government-wide financial statements? Service cost. Interest on total pension liability. Changes in pension liability as a result of a change in benefit terms. Changes in pension liability as a result of a change in economic or demographic assumptions.
The City of Huble has a defined benefit pension plan for a number of its employees. Which of the following is not included immediately in the determination of pension expense that this government should recognize in its government-wide financial statements? Service cost. Interest on total pension liability. Changes in pension liability as a result of a change in benefit terms. Changes in pension liability as a result of a change in economic or demographic assumptions.
Intermediate Accounting: Reporting And Analysis
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 1C
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The City of Huble has a defined benefit pension plan for a number of its employees. Which of the following is not included immediately in the determination of pension expense that this government should recognize in its government-wide financial statements?
- Service cost.
- Interest on total pension liability.
- Changes in pension liability as a result of a change in benefit terms.
- Changes in pension liability as a result of a change in economic or demographic assumptions.
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