Worldatwork Exam T7 Topic 3 Question 82 Discussion

Actual exam question for Worldatwork's T7 exam

Question #: 82
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 Elouise at Mar 05, 2024, 07:03 PM

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Tori

5 months ago

Asset ceiling is also a possible answer, let's review the material again

upvoted 0 times

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Annamae

5 months ago

I remember studying for this exam, the correct answer is Net present value

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Salena

5 months ago

I think it might be Fair value, not sure though

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Corrina

5 months ago

I remember reading about it, it is actually Net defined benefit liability (asset)

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Junita

5 months ago

I disagree, I believe it is called Net present value

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Hannah

5 months ago

I think the amount is called Net defined benefit liability (asset)

upvoted 0 times

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Nichelle

5 months ago

Asset ceiling is also a possible answer, let's review the material again

upvoted 0 times

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Merlyn

5 months ago

I remember studying for this exam, the correct answer is Net present value

upvoted 0 times

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Lelia

5 months ago

I think it might be Fair value, not sure though

upvoted 0 times

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Paola

5 months ago

I remember reading about it, it is actually Net defined benefit liability (asset)

upvoted 0 times

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Yolande

6 months ago

I disagree, I believe it is called Net present value

upvoted 0 times

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Dorinda

7 months ago

I think the amount is called Net defined benefit liability (asset)

upvoted 0 times

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