An Employer's Estimated Cost for Post-Retirement Benefits for Its Employees

question 131

Multiple Choice

An employer's estimated cost for post-retirement benefits for its employees should be

• A) recognized as an expense when paid.
• B) recognized as an expense during the employees' work years.
• C) recognized as an expense during the employees' retirement years.
• D) charged to the goodwill account because providing employees with benefits generates employee goodwill.

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Definitions:

Job Morale

The overall attitude, satisfaction, and outlook that employees have towards their work environment.

Self-Esteem

pertains to one's sense of self-worth or personal value.

Self-Disclosure

The act of revealing personal, private information about oneself to others.

Robert Owen

Robert Owen was a 19th-century social reformer and one of the founders of utopian socialism and the cooperative movement.