City of Alnwick Makes Pension Contributions on Behalf of Its

Multiple Choice

City of Alnwick makes pension contributions on behalf of its employees to both a defined benefit plan and a defined contribution plan. Assume that the employer contributions for the fiscal year totaled $55,000 for the defined benefit plan and $35,000 for the defined contribution plan. The net pension liability grew by $70,000 during the fiscal year. None of the liability was due and payable either at the beginning of the year or at the end of the year. The General Fund will report

A) Total expenditures of $90,000.
B) Expenditures of $55,000 and transfers out of $35,000.
C) Transfers out of $90,000.
D) Transfers out of $55,000 and expenditures of $35,000.