Multiple Choice
A city does not choose to advance fund its OPEB plan but instead will continue to pay these postretirement benefits as they come due. The current year's benefit payments total $2,500. The total OPEB liability increased from $14,000 to $16,500 during the year. The General Fund would recognize an expenditure of
A) $0.
B) $2,500.
C) $14,000.
D) $16,500.
Correct Answer:
Verified
Correct Answer:
Verified
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