Question
During the fiscal year ended December 31, 2013, Glen Citys general fund contributed $60 million to a defined benefit pension plan for city employees. The
During the fiscal year ended December 31, 2013, Glen Citys general fund contributed $60 million to a defined benefit pension plan for city employees. The actuarially determined contribution requirement for 2013 is $65 million. The amount of pension expenditure recognized by the general fund for 2013 should be:
| $ 0 | ||
| $ 60 million | ||
| $ 63 million | ||
| $ 65 million |
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Principles of Auditing and Other Assurance Services
Authors: Ray Whittington, Kurt Pany
19th edition
978-0077804770, 78025613, 77804775, 978-0078025617
