According to Current GAAP, Which of the Following Is Not

question 96

Multiple Choice

According to current GAAP, which of the following is not a condition suggesting that an accrual for vacation pay be made?

• A)The obligation must relate to rights that vest.
• B)The payment of compensation is probable.
• C)The obligation must relate to employee services already rendered.
• D)The amount can be reasonably estimated.

---

Definitions:

Supreme Court Of Canada

The highest court in Canada that serves as the final court of appeal in the Canadian judicial system.

Inclusive Culture

A culture that values diversity and integrates all employees regardless of their differences, ensuring equal opportunities and respect for all.

Negative Factors

Negative factors are elements or conditions that can adversely affect outcomes in various contexts, such as business, personal health, or environmental well-being.

Unique Needs

Specific requirements or preferences that vary among individuals or groups.