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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?
Suggested Answer: B
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11 comments · newest first
LE
Levi
12 months ago
Definitely not A or C, those are off!
LY
Lynette
12 months ago
I thought it was more complicated than just a surplus or deficit.
MY
Myrtie
1 year ago
Wait, is it really that simple?
YU
Yuette
1 year ago
Totally agree, B is the right answer.
NO
Novella
1 year ago
It's called the deficit or surplus!
LA
Lashawn
1 year 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.
EV
Evangelina
1 year 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.
AD
Adaline
1 year 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.
AR
Artie
1 year 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.
ME
Meaghan
1 year 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.
AZ
Azalee
1 year 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.