AASB 119 requires which items to be recorded at their discounted amounts?
A) annual leave and sick leave if they are expected to be settled after 12 months have elapsed from the reporting date.
B) cumulative sick leave that has accrued for longer than 12 months.
C) wages and salaries.
D) none of the given answers
Correct Answer:
Verified
Q33: Sick leave may be classified as:
A) cumulative
Q34: The amount represented as a current liability,'Provision
Q35: According to the former Australian guidance section
Q36: An employee whose contract for service includes
Q37: Employee benefits include:
A) wages and salaries, sick
Q39: Dervish Ltd has an average weekly
Q40: Major Ltd has a weekly payroll
Q41: AASB 119 divides employee benefits into a
Q42: A non-contributory superannuation fund means:
A) No contributions
Q43: Manuka Ltd has seven employees who
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