An Important Consideration in Evaluating the Fairness of the Amounts

question 26

Multiple Choice

An important consideration in evaluating the fairness of the amounts accrued for vacation pay,sick pay,and other benefits is the

• A)consistent accrual of these liabilities relative to those of the preceding year.
• B)actual expense incurred for the prior period.
• C)amount expended to date in the current period.
• D)profitability of the client,which will enable these liabilities to be met.

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Definitions:

Free Association

A psychoanalytic technique in which a patient says whatever comes to mind without censorship, used to uncover subconscious thoughts and feelings.

Psychoanalytic

A therapeutic approach and theory of personality development that emphasizes unconscious motives and conflicts, originally developed by Sigmund Freud.

Active Listening

A communication technique that involves giving full attention to the speaker and providing feedback to confirm understanding.

Rapidly Moving

Describes something happening or progressing quickly or at a fast pace.