Independence Day Deal! Unlock 25% OFF Today – Limited-Time Offer - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

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?

Show Suggested Answer Hide Answer
Suggested Answer: B

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

Limited Time Offer

25%

Off

Get Premium T7 Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

Submit Cancel
Iola
1 months ago
C) Net interest on the net defined benefit liability (asset) - Bingo! Time waits for no one, and that interest adds up, you know?
upvoted 0 times
...
Tijuana
1 months ago
A) Past service cost - Nah, that's not it. Past service cost is about changes in benefits, not the passage of time.
upvoted 0 times
...
Viva
1 months ago
B) Current service cost - Hmm, I don't think that's right. The question is asking about the change due to the passage of time, not the current service cost.
upvoted 0 times
Latia
7 days ago
D) Time value of money - No, that's not the correct answer. The question is asking about the change in the net defined benefit liability (asset) specifically due to the passage of time.
upvoted 0 times
...
Simona
16 days ago
C) Net interest on the net defined benefit liability (asset) - Yes, that's correct. The change in the net defined benefit liability (asset) during the period due to passage of time is reflected in the net interest on the net defined benefit liability (asset).
upvoted 0 times
...
Salome
21 days ago
A) Past service cost - That's not it either. The question is specifically about the change in the net defined benefit liability (asset) due to the passage of time.
upvoted 0 times
...
...
Annita
2 months ago
D) Time value of money - This is a close one, but I think C) is more specific to the change in the net defined benefit liability due to the passage of time.
upvoted 0 times
...
Iesha
2 months ago
C) Net interest on the net defined benefit liability (asset) - This sounds like the correct answer, as the passage of time would affect the present value of the liability or asset.
upvoted 0 times
Leontine
15 days ago
Agreed, the net interest would definitely be impacted by the passage of time.
upvoted 0 times
...
Theodora
1 months ago
Yes, that makes sense. The interest would change as time passes.
upvoted 0 times
...
Tyisha
1 months ago
I think C) Net interest on the net defined benefit liability (asset) is the correct answer.
upvoted 0 times
...
...
Christa
3 months 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.
upvoted 0 times
...
Almeta
3 months 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.
upvoted 0 times
...
Leana
3 months ago
I think the answer is C) Net interest on the net defined benefit liability (asset).
upvoted 0 times
...

Save Cancel