A government makes a contribution to its pension plan in the amount of $10,000 for year 1. The actuarially-determined annual required contribution for year 1 was $12,500. The pension plan paid benefits of $8,200 and refunded employee contributions of $800 for year 1. What is the pension expense for the Government-Wide Statements for year 1? $8,200 $10,000 $12,500 None of above

A government makes a contribution to its pension plan in the amount of $10,000 for year 1. The actuarially-determined annual required contribution for year 1 was $12,500. The pension plan paid benefits of $8,200 and refunded employee contributions of $800 for year 1. What is the pension expense for the Government-Wide Statements for year 1? $8,200 $10,000 $12,500 None of above

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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