Question
QUESTION 34 During the fiscal year ended December 31, 2013, Glen City's general fund contributed $60 million to a defined benefit pension plan for city
QUESTION 34
During the fiscal year ended December 31, 2013, Glen City's 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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College Accounting Chapters 1-15
Authors: James A Heintz, Robert W Parry
19th Edition
0324376162, 978-0324376166
