Worldatwork Exam T7 Topic 1 Question 77 Discussion

Actual exam question for Worldatwork's T7 exam

Question #: 77
Topic #: 1

[All T7 Questions]

Which of the following describes the change in the net defined benefit liability (asset) during the period due to passage of time?

APast service cost

BCurrent service cost

CNet interest on the net defined benefit liability (asset)

DTime value of money

Show Suggested Answer

Suggested Answer: B

by Jovita at Nov 24, 2023, 02:49 PM

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Christa

21 days ago

I'm not sure about that. I think it could also be D) Time value of money, as that also plays a role in the change over time.

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Almeta

23 days ago

I agree with Leana. The change in the net defined benefit liability (asset) due to passage of time is mainly driven by the net interest on the liability or asset.

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Leana

24 days ago

I think the answer is C) Net interest on the net defined benefit liability (asset).

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