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| The City of Oakland has a defined contribution plan that covers the majority of its employees. Which of the following is not accurate statement about such a plan? A. The city should record a change in pension liability equal to the difference between amounts recognized as pension expense and the amount contributed by the employer. B. The city must disclose in Required Supplementary Information (RSI) descriptive information about the types of benefits provided. C. The city should record its proportionate share of the collective net pension liability and expense for the plan. D. Pension expense should be accrued equal to the amount of contributions or credits to employees’ accounts that are defined by the benefit terms as attributable to current period service, net of forfeited amounts. |