Which of the Following Criteria Is Not Required for the Recognition

question 75

Multiple Choice

Which of the following criteria is not required for the recognition of a liability for compensated absences under FASB Statement No. 43?

• A) The amount of the obligation must be estimable.
• B) Payment of the obligation must be probable.
• C) Payment of the obligation will require the use of current assets.
• D) The compensation either vests with the employee or can be carried forward to subsequent years.

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Definitions:

Blind Copy

A feature in email that allows you to send a copy to someone without the other recipients seeing their email address.

Salutation

A form of greeting used in written communication, often at the beginning of a letter or email.

Avoid Redundancy

The practice of eliminating unnecessary repetition or overlap in speech or writing to achieve clarity and efficiency.

Telegraphic Language

A concise and efficient form of communication using short and simple phrases, often utilized in telegraphic messages or in contemporary texting and messaging.