Merl provides an annual cash bons to its employees and determines this bonus is in the...
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Merl provides an annual cash bonùs to its employees and determines this bonus is in the scope of IAS 19. Should Merl recognize a liability for the cash bonus? Yes. According to IAS 19, a liability is recognized when the amount is probable and a reliable estimate can be made. Yes. According to IAS 19, a liability is recognized when an employee has provided service in exchange for employee benefits to be paid in the future. O No. According to IAS 19, the bonuses are recognized as an expense when paid. No. According to IAS 19, a liability doesn't need to be recognized if the benefit will be paid within 12 months. Merl provides an annual cash bonùs to its employees and determines this bonus is in the scope of IAS 19. Should Merl recognize a liability for the cash bonus? Yes. According to IAS 19, a liability is recognized when the amount is probable and a reliable estimate can be made. Yes. According to IAS 19, a liability is recognized when an employee has provided service in exchange for employee benefits to be paid in the future. O No. According to IAS 19, the bonuses are recognized as an expense when paid. No. According to IAS 19, a liability doesn't need to be recognized if the benefit will be paid within 12 months.
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Related Book For
Applying International Financial Reporting Standards
ISBN: 978-0730302124
3rd edition
Authors: Keith Alfredson, Ken Leo, Ruth Picker, Paul Pacter, Jennie Radford Victoria Wise
Posted Date:
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