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In defined contribution plans when the contributions are not expected to be settled wholly before twelve months after the end of the reporting period, what must occur?
Suggested Answer: B
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12 comments · newest first
BR
Brandon
12 months ago
I thought it was A at first, but B makes more sense.
GA
Garry
12 months ago
Definitely B, it's a key accounting principle.
DE
Denny
1 year ago
Wait, are you sure about that? Sounds off.
GE
Gearldine
1 year ago
Totally agree, that's how it works!
AR
Ardella
1 year ago
Contributions must be discounted if not settled in 12 months.
GE
Geraldo
1 year ago
I’m leaning towards option C, but I can’t recall the exact reasoning behind it. It’s definitely a tricky part of the material!
SH
Shelia
1 year ago
I’m a bit confused. I thought defined contribution plans meant the employer doesn’t take on risk, but does that change if the contributions are delayed?
JE
Jenise
1 year ago
This sounds familiar! I feel like we practiced a question similar to this, and I think the answer was about not discounting contributions.
EL
Elenore
1 year ago
I think I remember that if contributions aren't settled within twelve months, they might need to be discounted, but I'm not entirely sure.
DE
Denny
1 year ago
Hmm, this seems like a networking question. I'll need to think about the different layers of the network model to figure this out.
CH
Christa
1 year ago
I think the answer is B. Using Enterprise Manager or WLST to add the virtualize=true property to the SOA Common Properties MBean seems like the right way to enable virtualization through libOVD. The other options don't seem as directly relevant.
GE
Geraldine
1 year ago
I've seen questions like this before. The virtual function calls and object lifetime management are the critical pieces to understand. I'll work through it step-by-step to determine the correct answer.