Which of the following is not a step in accounting for contributions to a defined benefit superannuation plan?
A) Determine the fair value of any plan.
B) Discount any benefit employees have earned.
C) Estimate the amount of benefits the employees have earned in return for their service in the current and prior periods.
D) Establish the numbers of years until retirement for each employee to accurately calculate their likely benefit.
Correct Answer:
Verified
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