Which of the Following Is Not a Step in Accounting

question 19

Multiple Choice

Which of the following is not a step in accounting for contributions to a defined benefit superannuation plan?

• A) Determine the fair value of any plan.
• B) Discount any benefit employees have earned.
• C) Estimate the amount of benefits the employees have earned in return for their service in the current and prior periods.
• D) Establish the numbers of years until retirement for each employee to accurately calculate their likely benefit.
• E) Determine the total amount of actuarial gains and losses.