At the End of the Current Period, Oxford Ltd

question 37

Multiple Choice

At the end of the current period, Oxford Ltd.has a defined benefit obligation of £195,000 and pension plan assets with a fair value of £110,000.The amount of the vested benefits for the plan is £105,000.What amount related to its pension plan will be reported on the company's statement of financial position?

• A)£5,000
• B)£90,000
• C)£85,000
• D)£20,000

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Definitions:

Whistle-Blowing

Whistle-Blowing refers to the act of exposing any kind of information or activity that is deemed illegal, unethical, or not correct within an organization by an insider.

Ethical Behavior

Conduct based on moral principles, emphasizing honesty, integrity, fairness, and respect in both personal and professional realms.

Criminal Practices

Unlawful activities that are against the law and often involve deceit or harm to others.

Ethics Committee

A group of executives appointed to oversee company ethics.