Worldatwork Exam T7 Topic 1 Question 98 Discussion

Actual exam question for Worldatwork's T7 exam

Question #: 98
Topic #: 1

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 Levi at Sep 16, 2024, 09:44 AM

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Lettie

2 months ago

I agree with Malika, it makes sense that it would be considered an expense in accounting terms.

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Tawna

2 months ago

B) An expense. Unless the employee is a superhero, in which case it might be considered a 'super' benefit.

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Launa

1 months ago

D) A cost

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Skye

1 months ago

C) A benefit

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Fallon

1 months ago

B) An expense

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Malika

2 months ago

I think it's B) An expense because the company is using resources to provide benefits to employees.

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Kattie

2 months ago

B) An expense

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Alaine

2 months ago

B) An expense, my friend. You can't get something for nothing in the world of accounting!

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Gregg

3 months ago

D) A cost. The company is paying for the employee's services, so it's a cost, not a benefit.

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Shonda

2 months ago

C) A benefit

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Shawana

2 months ago

D) A cost

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Keva

2 months ago

B) An expense

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Van

3 months ago

B) An expense, of course! The company is exchanging employee benefits for the economic benefit, so it's a clear expense on their books.

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Leatha

2 months ago

D) A cost

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Veronika

2 months ago

C) A benefit

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Erick

2 months ago

A) The employee value proposition

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Brandee

2 months ago

B) An expense, of course! The company is exchanging employee benefits for the economic benefit, so it's a clear expense on their books.

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