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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Lonna

21 days 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

22 days 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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Charlesetta

1 days ago

User 1: I think it's D) Pension expense too.

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Daniel

29 days 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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Annelle

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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Bettina

22 hours ago

C) Loss adjustment expense

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Margery

13 days ago

B) Payment accounting

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Carol

20 days ago

A) Obligatory adjustment expense

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Thaddeus

2 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

2 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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