AASB 119 Requires an Entity to Record a Liability for Long

question 17

Multiple Choice

AASB 119 requires an entity to record a liability for long service leave:

• A) when the leave is taken by the employee.
• B) in a consistent manner from year to year.
• C) when the employee becomes legally entitled to the leave.
• D) as the employee provides service to the entity even though they may have no legal entitlement to the leave.

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