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26 August, 16:45

If a pension plan has not established an irrevocable trust to account for defined benefit pension plan contributions and distributions, a government participating in the plan would report its net pension liability in its proprietary fund and government-wide financial statements.

True / False.

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Answers (2)
  1. 26 August, 17:02
    0
    False is the correct answer.

    Explanation:

    A pension plan is a retirement plan that needs an employer to make contributions to a pool of funds set aside for a worker's future benefit. In this case, it is false that if a pension plan has not established an irrevocable trust to account for defined benefit pension plan contributions and distributions, a government participating in the plan would report its net pension liability in its proprietary fund and government-wide financial statements.
  2. 26 August, 17:12
    0
    The statement is incorrect, the answer is False.
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