Entity a Contributes to a Defined Benefit Superannuation Plan for Its

question 1

Multiple Choice

Entity A contributes to a defined benefit superannuation plan for its employees.It calculates the following: Current service cost 12,785
Interest cost 983
Expected return on plan assets (1,150)
Net actuarial gain recognised in period (1,835)
10,783
The $10,783 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.

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Definitions:

Individual's Psychology

A psychological perspective focusing on the unique experiences and motivations of an individual, often associated with Alfred Adler.

Royal Road

A metaphorical expression indicating a direct and effortless path to achieving a difficult task or understanding complex concepts.

Unconscious

In psychodynamic theory, descriptive of ideas and feelings that are not available to awareness; also: without consciousness.

Irrational Beliefs

Illogical or unreasonable thoughts and assumptions that can lead to emotional distress and behavioral issues.