Determining an entity's liability for long service leave requires estimation of:

Question

Quizplus · Accepted Answer

All of the above factors need to be taken into consideration when estimating an entity's liability for long service leave. The timing of when the leave will be taken, the projected salary levels at the time of leave, and the proportion of employees who will become entitled to the leave are all important factors that can impact the entity's liability. Therefore, D is the correct answer.

Determining an Entity's Liability for Long Service Leave Requires Estimation