Which of the Following Is Not a Post-Employment Benefit, According

question 77

Multiple Choice

Which of the following is not a post-employment benefit, according to SFAS No. 112, "Employers' Accounting for Postemployment Benefits"?

• A) Salary continuation after severance
• B) Health insurance paid for a three-month period following a layoff
• C) Life insurance coverage paid for retirees
• D) Job training for laid-off workers

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Definitions:

Adjusting Entry

An accounting entry made at the end of a period to allocate income and expenditure to the appropriate accounting period.

Unearned Subscription Revenue

Unearned Subscription Revenue is income received by a company for goods or services yet to be provided, recorded as a liability on the balance sheet.

Subscription Revenue

Income generated from customers paying recurrent fees for access to a product or service over a period of time.

Accounting Equation

Assets = Liabilities + Owner’s Equity.