Penben Corporation has a defi ned benefi t pension plan. At 31 December, its pension obligation is €10 million and pension assets are €9 million. Under either IFRS or US GAAP,the reporting on the balance sheet would be closest to which of the following?A . €10 million is shown as a liability, and €9 million appears as an asset.B . €1 million is shown as a net pension obligation.C . Pension assets and obligations are not required to be shown on the balance sheet butonly disclosed in footnotes.

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Employee Benefits

In an organization employees are the most important resource and most important asset. They can lead an organization to the sky or can be the reason for unsuccessful of business. Therefore, it is very much important that employees of an organization should be satisfied by the environment of the organization and most importantly with the salary, wages incentives, etc.