Solved

Entity a Contributes to a Defined Benefit Superannuation Plan for Its

Question 6

Multiple Choice

Entity A contributes to a defined benefit superannuation plan for its employees.It calculates the following:
 Current service cost 12785 Interest cost 983 Expected return on plan assets (1150)  Net actuarial gain recognised in period (1835) ‾10783‾\begin{array} { | l | l | } \hline \text { Current service cost } & 12785 \\\hline \text { Interest cost } & 983 \\\hline \text { Expected return on plan assets } & ( 1150 ) \\\hline \text { Net actuarial gain recognised in period } &\underline{( 1835) } \\\hline & \underline{10783} \\\hline\end{array}
The $10 783 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:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions