Worldatwork Exam T7 Topic 1 Question 81 Discussion

Actual exam question for Worldatwork's T7 exam

Question #: 81
Topic #: 1

[All T7 Questions]

When a company consumes the economic benefit arising from service provided by an employee in exchange for employee benefits, what is it considered in accounting terms?

AThe employee value proposition

BAn expense

CA benefit

DA cost

Show Suggested Answer

Suggested Answer: B

by Kirk at Feb 13, 2024, 05:25 AM

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Omer

10 months ago

I see your point, Joseph. It could be a cost as well.

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Joseph

10 months ago

But couldn't it also be considered a cost?

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Karl

10 months ago

I agree with Omer, it makes sense that it would be an expense.

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Omer

11 months ago

I think it's considered an expense.

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Jaclyn

11 months ago

I see your point, Fernanda. It could be seen as both a cost and an expense.

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Fernanda

12 months ago

But wouldn't it also be considered a cost? I think the answer is D) A cost.

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Shasta

12 months ago

I agree with Jaclyn. It makes sense that it would be considered an expense.

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Jaclyn

12 months ago

I think the answer is B) An expense.

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