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:

Acetylene

A colorless, flammable gas used as a fuel and a building block for chemical synthesis.

Molecular Shape

The three-dimensional arrangement of atoms within a molecule, determining its reactivity, polarity, and physical properties.

Linear

Describes a structure, process, or mathematical function that proceeds or is arranged in a straight line or sequence.

Phosphine

A toxic, colorless, flammable gas with the chemical formula PH3, used in the semiconductor industry and as a pesticide.