Which of the following is true regarding fiduciary funds?

A. Governmental type funds report a net pension liability representing the unfunded pension obligation.
B. When a government provides employees a defined benefit pension plan, the government is required to present a ten year Schedule of Changes in Net Pension Liability and Related Ratios as required supplementary information.
C. Both of the above.
D. Neither of the above.


Answer: B

Business

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Steven used to always work his full shift. Several of his coworkers would clock out for lunch and then clock back in a few minutes later but still take an hour for lunch and get paid for the time they are at lunch. Steven decided he should do the same thing so that he would be paid the same as his coworkers for doing the same amount of work. It appears Steven is at the _________ of moral development.

A. preconventional level B. conventional level C. postconventional level D. neoconventional level

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A. marital status B. region C. lifestyle D. personality E. involvement

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