GASB 45 requires that the expected future costs of retiree health costs be recognized in the current
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1. Prior to the issuance of GASB 45, what would be the impact on the government’s financial statements?
2. Under GASB 45, what are the financial statement implications?
3. Why might the current governmental leaders agree to offer such a benefit?
4. What are the ethical issues involved in this decision?
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