Test: Accounting

1.

All of the following conditions except which of the following must be met in order for an employer to accrue liability for employee compensation for future absences?

Payment of the compensation is probable

The employer's obligation is related to employee's rights to receive compensation for future absences is attributable to the employee's services already rendered

The employer's obligation is related to employee's rights to receive compensation for previous absences is attributable to the employee's services already rendered

The obligation relates to rights that vest or accumulate

1/1 questions

0%
Learning Tools by Varsity Tutors