Which of the Following Items Is Not Reported as a Liability

question 1

Multiple Choice

Which of the following items is not reported as a liability in the financial reports of a defined contribution plan?

• A) Income tax payable.
• B) Accounts payable.
• C) Accrued member benefits.
• D) None of the given choices are correct.

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Definitions:

HR Role

The function and responsibilities assigned to the human resources department, including talent acquisition, development, and management.

Service Delivery Model

A framework that defines how services are provided to customers, including processes, roles, and responsibilities.

Web Browser

A software application used to access and navigate the internet, allowing users to retrieve and view web pages.

HR Planners

Are professionals within the Human Resources field who are responsible for forecasting labor needs, planning employee development, and ensuring the strategic alignment of the workforce.