Worldatwork Exam T7 Topic 3 Question 76 Discussion

Actual exam question for Worldatwork's T7 exam

Question #: 76
Topic #: 3

IAS 19 requires that all numbers involved in accounting for defined benefit plans be presented as a single amount in the statement of financial position. What is this amount called?

ANet defined benefit liability (asset)

BAsset ceiling

CFair value

DNet present value

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Suggested Answer: A

by Gregoria at Oct 20, 2023, 04:20 PM

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