Acme Ltd., an entity subject to IFRS, offers short-term illness benefits to its 120 employees. Each employee is entitled to up to 10 days off for illness in each fiscal year. Unused days can be carried forward one year. Which of the following describes how Acme should expense the cost of these benefits? 

A. Acme should expense the cost as employees use sick days. 

B. Acme should expense the cost at the beginning of each year as the sick days are granted. 

C. Acme should expense the cost after employees return from sick leave. 

D. Acme should expense the cost evenly over the fiscal year

Answer rating: 100% (QA)

The detailed answer for the above question is provided below The correct answer is D Acme should exp... View the full answer