Entity a Contributes to a Defined Benefit Superannuation Plan for Its

question 26

Multiple Choice

Entity A contributes to a defined benefit superannuation plan for its employees.It calculates the following:
$$\begin{array} { | l | r | } \hline \text { Present value of the obligation } & 25569 \\\hline \text { Fair value of plan assets } & \underline { 25500 } \\\hline & \underline { 69 } \\\hline\end{array}$$
The 69 represents:

• A) the expense to be recognised in the statement of comprehensive income.
• B) the asset to be recognised in the statement of financial position.
• C) the liability to be recognised in the statement of financial position.
• D) the revenue to be recognised in the statement of comprehensive income.

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Definitions:

Expectancy Theory Predicts

Suggests that an individual's motivation is influenced by the expectancy that effort will lead to performance, which will then lead to desired outcomes.

Goal-Setting Theory

A psychological theory suggesting that setting specific, challenging, and attainable goals can lead to higher performance.

Task Goals

Specific objectives or targets related to the successful completion of a job or task.

Increase Work Efforts

An initiative or practice to enhance the quantity and quality of energy, time, and resources employees allocate to their job roles and responsibilities.