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A $900,000 bond was retired at 103 when the carrying value of the bond was $933,000.The entry to record the retirement would include a
AASB 119
An Australian Accounting Standard that specifies the accounting for employee benefits, including pensions and other post-employment benefits.
Long Service Leave
An employee benefit offering paid leave to employees who have served a particular period of time with the same employer or industry.
Legal Entitlement
The right of an individual or entity to have or do something according to the law.
Salary Sacrificing
An arrangement where an employee agrees to receive less income in return for their employer providing benefits of a similar value.
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