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| The city of Towson has a single employer defined-benefit plan. All of the following are true about Towson’s accounting for the plan, except: A. Pension expense should include recognition of annual service cost and interest on the pension liability along with the effect on the net pension liability of changes in benefit terms. B. In determining the amount of pension liability, the selection of all assumptions should be in conformity with Actuarial Standards of Practice issued by the Actuarial Standards Board. C. The entry age actuarial cost method should be used to attribute the actuarial present value of projected benefit payments of each employee to periods. D. Pension liability should be determined without discounting future benefits, if the entity has an unfunded plan. |