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SOFE Exam SOFA-CFE Topic 6 Question 90 Discussion

Actual exam question for SOFE's SOFA-CFE exam
Question #: 90
Topic #: 6
[All SOFA-CFE Questions]

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.

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Suggested Answer: C

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

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Lonna
2 months ago
Pension expense? More like 'Pension Mess'! Accounting is so confusing, it's no wonder accountants are always in high demand. I bet the person who wrote this question is laughing at us from their ivory tower.
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Alyce
2 months ago
Okay, let's think this through logically. The question is talking about benefits and plan assets, so it's gotta be something related to pensions. I'll go with D) Pension expense, and hope the pension gods are on my side.
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Mable
20 days ago
User 3: Agreed, D) Pension expense seems like the right choice.
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Lucy
1 months ago
User 2: Yeah, that makes sense. Let's go with that.
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Charlesetta
2 months ago
User 1: I think it's D) Pension expense too.
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Daniel
2 months ago
Ugh, I hate these accounting questions. How am I supposed to know the difference between 'obligatory adjustment expense' and 'loss adjustment expense'? I'm just going to guess and hope for the best.
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Brianne
1 months ago
User 3: I'm going with obligatory adjustment expense.
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Mona
1 months ago
User 2: I think it might be pension expense.
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Hortencia
1 months ago
User 1: I know, these accounting questions are so confusing.
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Annelle
3 months ago
D) Pension expense, for sure. I studied this topic extensively, and that's the correct answer. Piece of cake!
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Timothy
1 months ago
D) Pension expense, for sure. I studied this topic extensively, and that's the correct answer. Piece of cake!
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Marti
1 months ago
D) Pension expense
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Bettina
2 months ago
C) Loss adjustment expense
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Margery
2 months ago
B) Payment accounting
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Carol
2 months ago
A) Obligatory adjustment expense
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Thaddeus
3 months ago
I'm not sure about this one. Can someone explain why it's not A) Obligatory adjustment expense?
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Leonora
3 months 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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Beatriz
2 months ago
User4: Definitely Pension expense, it fits the description.
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Tu
2 months ago
User3: I agree, Pension expense seems like the right choice.
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Zana
2 months ago
User2: Yeah, that makes sense with the benefits earned by participants.
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Lindsey
3 months ago
User1: I think it's Pension expense.
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Sharen
4 months 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
4 months ago
I think the answer is D) Pension expense.
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