When an Entity Decides to Terminate an Employee's Employment, the Offer

question 5

Multiple Choice

When an entity decides to terminate an employee's employment, the offer to pay termination benefits can no longer be withdrawn when the entity has communicated to affected employees a plan of termination that meets which of the following criteria?

• A) The plan identifies the location, function or job classification, the number of employees whose services are to be terminated, and the expected completion date.
• B) Actions required to complete the plan indicate that significant changes to the plan are unlikely.
• C) The plan establishes the termination benefits payable in sufficient detail to enable employees to determine the type and amount of benefits they will receive.
• D) All of the above.

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Definitions:

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A legal principle that maintains the confidentiality of communications between an accountant and their client.

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Federal Law consists of the body of law created by the federal government of a country, governing relationships, powers, and structure of its entities and individuals.

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A legal principle used to clarify the law by restating existing statutes or case law in a simplified manner.

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