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Colby City has a single pension plan for its employees, all of whose salaries and wages are paid from the General Fund. Ordinarily, the citys

Colby City has a single pension plan for its employees, all of whose salaries and wages are paid from the General Fund. Ordinarily, the citys General Fund should report an expenditure for its annual pension cost related to a defined benefit pension plan in an amount equal to the

A. Actual amount contributed to the plan.

B. Value of current year benefits.

C. Net annual change in amounts normally expected to be liquidated with expendable available financial resources.

D. Both a and c.

Accounting for Governmental and Nonprofit Entities e 18

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