Which of the Following Statements Is True of IAS 19

question 17

Multiple Choice

Which of the following statements is true of IAS 19?

• A) It establishes guidance for measuring onerous contract.
• B) It requires all past service costs to be recognized in net income in a subsequent period in which the benefit plan is changed.
• C) Its revised version became effective in the year 2013.
• D) It covers all employee benefits including share-based compensation.

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Definitions:

Rape

A criminal act involving the unlawful, non-consensual sexual intercourse with an individual.

Mere Exposure Effect

An effect in psychology where familiarity leads to a preference towards certain objects or ideas, simply because they are recognized.

Social Exchange Theory

A theory that explains social change and stability as a process of negotiated exchanges between parties.

Fear Of Rejection

An intense and pervasive apprehension of being excluded or dismissed by others.