SOFE Exam SOFA-CFE Topic 6 Question 90 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 90
Topic #: 6

What of a particular period is principally determined based on benefits earned by participants during the period (service costs) less earnings on plan assets in excess of interest accretion of the projected benefit obligation.

AObligatory adjustment expense

BPayment accounting

CLoss adjustment expense

DPension expense

Show Suggested Answer

Suggested Answer: C

by Bette at Jun 21, 2024, 09:51 AM

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Thaddeus

4 days ago

I'm not sure about this one. Can someone explain why it's not A) Obligatory adjustment expense?

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Leonora

8 days ago

Hmm, this seems like a tricky one. Pension expense, maybe? I mean, that's the only option that kind of makes sense with the whole 'benefits earned by participants' thing.

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Sharen

15 days ago

I agree with Lawrence. The pension expense is calculated based on the benefits earned by participants and earnings on plan assets.

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Lawrence

16 days ago

I think the answer is D) Pension expense.

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