Which of the Following Measurement Rules Is Not in Accordance

question 31

Multiple Choice

Which of the following measurement rules is not in accordance with AAS 25 "Financial Reporting by Superannuation Plans"?

• A) Assets of a defined contribution plan and a defined benefit plan is measured at net market values as at the reporting date.
• B) Accrued benefits of a defined contribution plan shall be shown as an amount equivalent to the difference between the carrying amount of the assets and the sum of all other liabilities.
• C) Obligations for accrued benefits of a defined benefit plan are discounted to the present value of expected future payments arising from membership date to reporting date.
• D) Long-term liabilities of a defined benefit plan are discounted to their present value at reporting date.
• E) None of the given answers.

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Definitions:

Gold Bars

Solid bars of gold, typically standardized in weight, that are bought, sold, and stored as investment and reserve assets.

OZ Mining

No real definition found under this specific key term, suggesting it could refer to mining activities in Australia, denoted by "OZ."

User Cost

The cost associated with the use of a product or service, including wear and tear, depreciation, or opportunity cost.

Nonrenewable Resource

Natural resources, such as coal, oil, and natural gas, that cannot be replenished at a sustainable rate once consumed.