Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - 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 T7 Exam - Topic 2 Question 52 Discussion

What is the difference between the present value of defined benefit obligation and fair value of plan assets at the end of the reporting period called?
B) The deficit or surplus
A) The financial position
C) The discount
D) The present fair value

Worldatwork T7 Exam - Topic 2 Question 52 Discussion

Actual exam question for Worldatwork's T7 exam
Question #: 52
Topic #: 2
[All T7 Questions]

What is the difference between the present value of defined benefit obligation and fair value of plan assets at the end of the reporting period called?

Show Suggested Answer Hide Answer
Suggested Answer: B

by Rolland at May 31, 2022, 06:06 AM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Levi
10 months ago
Definitely not A or C, those are off!
upvoted 0 times
...
Lynette
10 months ago
I thought it was more complicated than just a surplus or deficit.
upvoted 0 times
...
Myrtie
11 months ago
Wait, is it really that simple?
upvoted 0 times
...
Yuette
11 months ago
Totally agree, B is the right answer.
upvoted 0 times
...
Novella
11 months ago
It's called the deficit or surplus!
upvoted 0 times
...
Lashawn
11 months ago
I feel like the answer has to be the deficit or surplus, but I also recall something about the present fair value being relevant in other contexts.
upvoted 0 times
...
Evangelina
11 months ago
I’m a bit confused; I thought it might be called the financial position, but that doesn’t seem quite right for this specific difference.
upvoted 0 times
...
Adaline
11 months ago
I think the difference between the present value of defined benefit obligation and fair value of plan assets is referred to as the deficit or surplus, but I'm not entirely sure.
upvoted 0 times
...
Artie
11 months ago
I remember practicing a similar question, and I believe the correct term is the deficit or surplus. It makes sense in the context of pension accounting.
upvoted 0 times
...
Meaghan
11 months ago
I'm a little confused by this question. Is the username and password the same for all devices, or does it vary based on some other information? I'll need to think this through carefully.
upvoted 0 times
...
Azalee
12 months ago
This seems like a tricky situation. I'd probably try to facilitate the discussion and get the team to reach a consensus, as option D suggests. Getting everyone on the same page is key.
upvoted 0 times
...

Save Cancel