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Worldatwork Exam T7 Topic 1 Question 98 Discussion

Actual exam question for Worldatwork's T7 exam
Question #: 98
Topic #: 1
[All T7 Questions]

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?

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Suggested Answer: B

by Levi at Sep 16, 2024, 09:44 AM

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Lettie
5 months ago
I agree with Malika, it makes sense that it would be considered an expense in accounting terms.
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Tawna
5 months ago
B) An expense. Unless the employee is a superhero, in which case it might be considered a 'super' benefit.
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Launa
4 months ago
D) A cost
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Skye
4 months ago
C) A benefit
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Fallon
4 months ago
B) An expense
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Malika
5 months ago
I think it's B) An expense because the company is using resources to provide benefits to employees.
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Kattie
5 months ago
B) An expense
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Alaine
5 months ago
B) An expense, my friend. You can't get something for nothing in the world of accounting!
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Gregg
5 months ago
D) A cost. The company is paying for the employee's services, so it's a cost, not a benefit.
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Shonda
4 months ago
C) A benefit
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Shawana
4 months ago
D) A cost
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Keva
5 months ago
B) An expense
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Van
5 months ago
B) An expense, of course! The company is exchanging employee benefits for the economic benefit, so it's a clear expense on their books.
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Leatha
5 months ago
D) A cost
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Veronika
5 months ago
C) A benefit
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Erick
5 months ago
A) The employee value proposition
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Brandee
5 months ago
B) An expense, of course! The company is exchanging employee benefits for the economic benefit, so it's a clear expense on their books.
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