Worldatwork Exam T7 Topic 1 Question 81 Discussion

Actual exam question for Worldatwork's T7 exam

Question #: 81
Topic #: 1

[All T7 Questions]

When a company consumes the economic benefit arising from service provided by an employee in exchange for employee benefits, what is it considered in accounting terms?

AThe employee value proposition

BAn expense

CA benefit

DA cost

Show Suggested Answer

Suggested Answer: B

by Kirk at Feb 13, 2024, 05:25 AM

Limited Time Offer

25%

Off

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

Contribute your Thoughts:

Submit Cancel

Omer

12 months ago

I see your point, Joseph. It could be a cost as well.

upvoted 0 times

...

Joseph

12 months ago

But couldn't it also be considered a cost?

upvoted 0 times

...

Karl

1 years ago

I agree with Omer, it makes sense that it would be an expense.

upvoted 0 times

...

Omer

1 years ago

I think it's considered an expense.

upvoted 0 times

...

Jaclyn

1 years ago

I see your point, Fernanda. It could be seen as both a cost and an expense.

upvoted 0 times

...

Fernanda

1 years ago

But wouldn't it also be considered a cost? I think the answer is D) A cost.

upvoted 0 times

...

Shasta

1 years ago

I agree with Jaclyn. It makes sense that it would be considered an expense.

upvoted 0 times

...

Jaclyn

1 years ago

I think the answer is B) An expense.

upvoted 0 times

...