Which of the following criteria is not required for the recognition of a liability for compensated absences?The amount of the obligation must be estimable.Payment of the obligation will require the use of current assets.Payment of the obligation must be probable.The compensation either evsts with the employee ir can be carried forward to subsequent years.

The correct option is given as,

Answered: ll require the use of current assets.…

ll require the use of current assets. Payment of the obligation must be probable. The compensation either evsts with the employee ir can be

PAYROLL ACCT.,2019 ED.(LL)-TEXT

19th Edition

ISBN:9781337619783

Author:BIEG

Publisher:BIEG

Chapter5: Unemployment Compensation Taxes

Section: Chapter Questions

Problem 6QR

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Question

Which of the following criteria is not required for the recognition of a liability for compensated absences?

The amount of the obligation must be estimable.

Payment of the obligation will require the use of current assets.

Payment of the obligation must be probable.

The compensation either evsts with the employee ir can be carried forward to subsequent years.

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