SOFE Exam SOFA-CFE Topic 6 Question 90 Discussion

Actual exam question for SOFE's SOFA-CFE exam

Question #: 90
Topic #: 6

What of a particular period is principally determined based on benefits earned by participants during the period (service costs) less earnings on plan assets in excess of interest accretion of the projected benefit obligation.

AObligatory adjustment expense

BPayment accounting

CLoss adjustment expense

DPension expense

Show Suggested Answer

Suggested Answer: C

by Bette at Jun 21, 2024, 09:51 AM

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Lonna

1 months ago

Pension expense? More like 'Pension Mess'! Accounting is so confusing, it's no wonder accountants are always in high demand. I bet the person who wrote this question is laughing at us from their ivory tower.

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Alyce

1 months ago

Okay, let's think this through logically. The question is talking about benefits and plan assets, so it's gotta be something related to pensions. I'll go with D) Pension expense, and hope the pension gods are on my side.

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Lucy

10 days ago

User 2: Yeah, that makes sense. Let's go with that.

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Charlesetta

17 days ago

User 1: I think it's D) Pension expense too.

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Daniel

1 months ago

Ugh, I hate these accounting questions. How am I supposed to know the difference between 'obligatory adjustment expense' and 'loss adjustment expense'? I'm just going to guess and hope for the best.

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Brianne

3 days ago

User 3: I'm going with obligatory adjustment expense.

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Mona

8 days ago

User 2: I think it might be pension expense.

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Hortencia

10 days ago

User 1: I know, these accounting questions are so confusing.

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Annelle

2 months ago

D) Pension expense, for sure. I studied this topic extensively, and that's the correct answer. Piece of cake!

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Timothy

10 days ago

D) Pension expense, for sure. I studied this topic extensively, and that's the correct answer. Piece of cake!

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Marti

13 days ago

D) Pension expense

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Bettina

17 days ago

C) Loss adjustment expense

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Margery

29 days ago

B) Payment accounting

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Carol

1 months ago

A) Obligatory adjustment expense

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Thaddeus

2 months ago

I'm not sure about this one. Can someone explain why it's not A) Obligatory adjustment expense?

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Leonora

2 months ago

Hmm, this seems like a tricky one. Pension expense, maybe? I mean, that's the only option that kind of makes sense with the whole 'benefits earned by participants' thing.

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