Entity a Contributes to a Defined Benefit Superannuation Plan for Its

question 38

Multiple Choice

Entity A contributes to a defined benefit superannuation plan for its employees.It calculates the following: Present value of the obligation 12,286
Fair value of plan assets 11,500
786
The $786 represents:

• A) The expense to be recognised in the income statement.
• B) The asset to be recognised in the balance sheet.
• C) The liability to be recognised in the balance sheet.
• D) The revenue to be recognised in the income statement.
• E) The cash flow pertaining to the contributions made for the period.

---

Definitions:

Demand Characteristics

Features of an experimental setting that lead participants to guess the purpose of the study, potentially influencing the behavior being studied.

Correlational Studies

Research methods that examine the relationship or correlation between two or more variables, without determining causal direction.

Strengths and Limitations

Represents the positive abilities and constraints or weaknesses possessed by an individual or system.

Case Studies

A research method involving an up-close, in-depth, and detailed examination of a subject of study (the case), as well as its related contextual conditions.