Entity a Contributes to a Defined Benefit Superannuation Plan for Its

Entity A contributes to a defined benefit superannuation plan for its employees.It calculates the following:
$$\begin{array} { | l | l | } \hline \text { Present value of the obligation } & 12286 \\\hline \text { Fair value of plan assets } & \underline {11500} \\\hline & \underline { 786 } \\\hline\end{array}$$
The $786 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.

Correct Answer:

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