AASB 119 Requires an Entity to Record a Liability for Long

question 17

Multiple Choice

AASB 119 requires an entity to record a liability for long service leave:

• A) once the employee becomes presently entitled to the leave
• B) as the employee provides service to the entity
• C) when the leave is taken by the employee
• D) in a consistent manner from year to year

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Definitions:

Lack Of Guilt Feelings

A psychological state where an individual does not feel remorse or guilt for actions that would typically elicit such emotions.

Autonomic Nervous System

The autonomic nervous system is a control system that acts largely unconsciously, regulating bodily functions such as heart rate, digestion, and respiratory rate.

Disruptions In Consciousness

Disturbances or changes in the normal state of awareness, including phenomena such as dissociation, hypnosis, and coma.

Schizotypal Personality

A personality disorder characterized by significant discomfort in close relationships, cognitive or perceptual distortions, and eccentric behaviors.