Under a defined benefit plan, an entity recognizes the defined benefit obligation, based on actuarial assumptions, net of the fair value of plan assets.

Question

Quizplus · Accepted Answer

In a defined benefit plan, the entity recognizes the defined benefit obligation, which is calculated based on actuarial assumptions, and this obligation is presented net of the fair value of the plan assets in the financial statements.

Under a Defined Benefit Plan, an Entity Recognizes the Defined