Which of the following items would not be classified as an asset in a defined benefit fund?

Question

Quizplus · Accepted Answer

Amounts contributed by members are not classified as assets in a defined benefit fund because the fund's obligations are defined by the benefit formula, not by the contributions made by members. Assets in a defined benefit fund typically include investments like government securities, fixed interest securities, and physical assets like fixtures and fittings that are used to generate the returns needed to meet the fund's defined benefit obligations.

Which of the Following Items Would Not Be Classified as an Asset