WorldatWork International Financial Reporting Standards for Compensation Professionals Exam T7 Question # 3 Topic 1 Discussion

WorldatWork International Financial Reporting Standards for Compensation Professionals Exam T7 Question # 3 Topic 1 Discussion

T7 Exam Topic 1 Question 3 Discussion:
Question #: 3
Topic #: 1

IAS 19 requires that all numbers involved in accounting for defined benefit plans be presented as a single amount in the statement of financial position. What is this amount called?


A.

Net defined benefit liability (asset)


B.

Asset ceiling


C.

Fair value


D.

Net present value


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