Which of the following local governments is least likely to report a net pension liability for...

Question:

Which of the following local governments is least likely to report a net pension liability for underfunded pension obligations? Multiple Choice None of the above, local governments do not report net pension liabilities. A local government participating in a state sponsored defined benefit pension plan. A local government acting as trustee for a defined benefit pension plan. A local government participating in a state sponsored defined contribution pension plan.

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