WorldatWork International Financial Reporting Standards for Compensation Professionals Exam T7 Question # 1 Topic 1 Discussion

WorldatWork International Financial Reporting Standards for Compensation Professionals Exam T7 Question # 1 Topic 1 Discussion

T7 Exam Topic 1 Question 1 Discussion:
Question #: 1
Topic #: 1

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?


A.

The financial position


B.

The deficit or surplus


C.

The discount


D.

The present fair value


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