SBR Employee benefits and share-based payment

In a defined benefit plan, remeasurements of the net defined benefit liability are recognised in:

• 1 Profit or loss
• 2 Cost of sales
• 3 Equity directly as a transfer
• 4 Other comprehensive income

The net interest cost on a defined benefit liability of $500,000 with a discount rate of 5 percent is:

• 1 $5,000
• 2 $50,000
• 3 $25,000
• 4 $250,000

Past service cost is recognised:

• 1 In OCI
• 2 Over the remaining service of employees
• 3 In profit or loss at the earlier of the plan amendment and related restructuring costs
• 4 In equity

In a defined contribution plan, the employer's expense for the period is:

• 1 The net interest cost
• 2 The contributions payable for that period
• 3 The actuarial estimate of future benefits
• 4 The change in the fair value of plan assets

100 employees each receive 1,000 share options with a grant date fair value of $3. Vesting is after three years and 90 employees are expected to remain. The year 1 expense under IFRS 2 is:

• 1 $90,000
• 2 $300,000
• 3 $270,000
• 4 $100,000

For an equity-settled share-based payment to employees, the fair value used is measured at:

• 1 Each reporting date
• 2 The exercise date
• 3 The vesting date only
• 4 The grant date and not remeasured

A cash-settled share-based payment liability is remeasured:

• 1 Only when the options vest
• 2 In OCI
• 3 At each reporting date until settlement, with changes in profit or loss
• 4 At grant date only

An entity offers termination benefits. When is the liability recognised?

• 1 At the year end only
• 2 When employees leave
• 3 When it can no longer withdraw the offer or when it recognises related restructuring costs, whichever is earlier
• 4 When the offer is accepted by all