Worldatwork Exam T7 Topic 1 Question 81 Discussion

Actual exam question for Worldatwork's T7 exam

Question #: 81
Topic #: 1

When a company consumes the economic benefit arising from service provided by an employee in exchange for employee benefits, what is it considered in accounting terms?

AThe employee value proposition

BAn expense

CA benefit

DA cost

Show Suggested Answer

Suggested Answer: B

by Kirk at Feb 13, 2024, 05:25 AM

Limited Time Offer

25%

Off

Get Premium T7 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel

Omer

5 months ago

I see your point, Joseph. It could be a cost as well.

upvoted 0 times

...

Joseph

5 months ago

But couldn't it also be considered a cost?

upvoted 0 times

...

Karl

5 months ago

I agree with Omer, it makes sense that it would be an expense.

upvoted 0 times

...

Omer

5 months ago

I think it's considered an expense.

upvoted 0 times

...

Jaclyn

5 months ago

I see your point, Fernanda. It could be seen as both a cost and an expense.

upvoted 0 times

...

Fernanda

6 months ago

But wouldn't it also be considered a cost? I think the answer is D) A cost.

upvoted 0 times

...

Shasta

6 months ago

I agree with Jaclyn. It makes sense that it would be considered an expense.

upvoted 0 times

...

Jaclyn

7 months ago

I think the answer is B) An expense.

upvoted 0 times

...