SOFE Exam SOFA-CFE Topic 5 Question 80 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 80
Topic #: 5

In GAAP, pension and postretirement benefit obligation calculation includes vested participants and active participants not currently eligible.

ATrue

BFalse

Show Suggested Answer

Suggested Answer: A

by Markus at Jan 28, 2024, 09:35 PM

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Karan

1 months ago

Wait, is this a trick question? I feel like the answer should be True, but I'm already second-guessing myself.

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Hildegarde

11 days ago

B) False

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Shalon

12 days ago

Don't second-guess yourself, the answer is True.

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Merlyn

24 days ago

A) True

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Tamra

1 months ago

True, of course! GAAP is all about being comprehensive and inclusive when it comes to pension obligations.

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Cruz

21 hours ago

Exactly, GAAP requires companies to account for all employees who are currently working towards earning pension benefits.

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Lezlie

4 days ago

A) True

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Zoila

6 days ago

True, of course! GAAP is all about being comprehensive and inclusive when it comes to pension obligations.

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Pamella

1 months ago

Ah, this is a tricky one! I'm going to go with True, but I'm not 100% confident.

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Sheldon

11 days ago

I agree, let's go with True.

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Graciela

22 days ago

I believe it's True as well.

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Verlene

1 months ago

I'm not sure, but I'll go with True too.

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Catina

1 months ago

I think it's True as well.

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Gladys

2 months ago

Hmm, I'm not sure about this one. I think the answer might be False, but I'll have to double-check my notes.

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Raymon

2 months ago

I'm pretty sure it's True. GAAP includes both vested and active participants in the calculation, even if they're not eligible yet.

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Lashon

2 months ago

I'm not sure, but I think it's False because only vested participants are considered.

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Ricarda

2 months ago

I agree with Tanja, because active participants not currently eligible are still included in the calculation.

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Tanja

2 months ago

I think the answer is True.

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