As at 30 June 2007, the Provision for Long Service

question 30

Multiple Choice

As at 30 June 2007, the Provision for Long Service Leave balance was $125,000. During 2006/07 $54,000 was charged to the provision account, and leave to the value of $34,000 was taken by staff. The balance on 30 June 2008 was $135,000, following the charging of long service leave expense of the same amount as in 2006/07 - i.e., $54,000. Assuming there were no other temporary differences, what s the journal entry to adjust for the changes in these balances as at 30 June 2008? The corporate tax rate is 30 per cent.

---

Definitions:

Health Disparities

Differences in health outcomes and access to healthcare services among different population groups, often influenced by socioeconomic factors, race, and ethnicity.

Health Care Interventions

Health Care Interventions are actions taken by healthcare professionals or public health agencies to prevent disease, promote health, and improve quality of life among the population.

Ethnic Upward Mobility

The process by which individuals or groups from a specific ethnicity achieve higher socioeconomic status or success.

Projections

In psychology, the defense mechanism by which individuals ascribe their own unwanted feelings, thoughts, or traits to someone or something else. In general, could also refer to estimates or forecasts about future events based on current trends.