AASB 119 Has Resulted in Many More Companies Recognising Liabilities

question 79

Multiple Choice

AASB 119 has resulted in many more companies recognising liabilities for employee entitlements.There is evidence that this requirement has the effect of:

• A) creating cash reserves from which employee entitlements can be paid in the case of company insolvency.
• B) increasing the probability of companies becoming insolvent.
• C) reducing the level of employment in Australia.
• D) None of the given answers are correct.

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Definitions:

Canadian Nursing

The professional practice of nursing within the context of the Canadian healthcare system, laws, and standards.

Baby Boomers

The demographic cohort following World War II, born approximately between 1946 and 1964, known for its significant impact on economics, politics, and culture.

Canadian Federation of Nurses Unions

A national organization representing the interests and concerns of over 200,000 nursing professionals across Canada.

Registered Psychiatric Nurses

Licensed healthcare professionals specialized in providing care and treatment for patients with mental health issues.