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Worldatwork Exam T7 Topic 3 Question 96 Discussion

Actual exam question for Worldatwork's T7 exam
Question #: 96
Topic #: 3
[All T7 Questions]

What is the present value of any economic benefits available in the form of refunds from or reductions in the future contributions to the defined benefits plan called?

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Suggested Answer: B

by Dion at Sep 10, 2024, 07:36 AM

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Joni
1 months ago
Ugh, why do they always have to make these questions so convoluted? I'm just going to close my eyes and point. Maybe I'll get lucky and hit the right answer.
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Janna
1 months ago
B. Asset ceiling, definitely. I mean, who doesn't love a good asset ceiling, am I right? It's the cornerstone of any solid defined benefits plan.
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Cheryll
1 months ago
I think the answer is B) Asset ceiling, because it refers to the maximum value of assets that can be recognized in the financial statements
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Jessenia
1 months ago
Ha, this is a classic accounting trick question! They're trying to confuse us with all those technical terms. But I'm gonna go with C. Fair value, because that's the one that sounds the most impressive.
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Dick
10 days ago
I agree with you, C. Fair value does sound pretty impressive.
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Stephanie
12 days ago
I'm not sure, but I'll go with A. Net defined benefit liability (asset).
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Elenora
21 days ago
I think it's D. Net present value. That's the one that makes the most sense to me.
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Myra
26 days ago
I'm going to stick with C) Fair value, it just sounds right to me
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Brynn
27 days ago
I agree with you, I also think it's A) Net defined benefit liability (asset)
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Ora
1 months ago
I'm not sure, but I'll go with D) Net present value
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Kirk
1 months ago
I think it's A) Net defined benefit liability (asset)
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Janna
2 months ago
I'm not sure, but I think it could also be D) Net present value, as that relates to the present value of future benefits
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Wilbert
2 months ago
I agree with Jamal, because it makes sense that it would be related to the defined benefit plan
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Galen
2 months ago
Hmm, I'm torn between A and D. Net present value sounds like it could also be the right answer. Guess I'll have to think this through carefully.
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Cristy
2 months ago
I agree, that seems like the correct answer.
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Lisbeth
2 months ago
I think it's D) Net present value.
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Jamal
2 months ago
I think the answer is A) Net defined benefit liability (asset)
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Josephine
2 months ago
I'm pretty sure the answer is A. Net defined benefit liability (asset). That's the term we learned in class for the present value of those economic benefits.
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Victor
2 months ago
Yeah, that makes sense. It's all about the economic benefits available in the defined benefits plan.
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Stephaine
2 months ago
I think you're right, it's definitely A. Net defined benefit liability (asset).
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Omega
2 months ago
Yes, that's correct. It represents the present value of economic benefits available from the defined benefits plan.
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Mozelle
2 months ago
I think you're right, it's A) Net defined benefit liability (asset).
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