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:

Stimulants

Psychoactive drugs, including caffeine, nicotine, amphetamines, and cocaine, that increase the central nervous system’s activity.

Hallucinogens

Psychoactive drugs that modify a person’s perceptual experiences and produce visual images that are not real.

Cognitive Theory

A theoretical framework that emphasizes the importance of internal processes in understanding behavior, thought, and emotion.

Dreaming

A series of thoughts, images, and sensations occurring in a person's mind during sleep, often associated with rapid eye movement (REM) sleep stages.