What is long-service leave and what is meant by a preconditional period; a conditional period; and an unconditional period?
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What is long-service leave and what is meant by a preconditional period; a conditional period; and an unconditional period?
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- Explain with correct explanation Which of the following is not a period of employment for long service leave purposes? A. Preconditional B. Conditional C. Unconditional D. ApprenticeshipVested benefits a. Usually require a certain minimum number of years of service b. Are those that the employee is entitled to receive even if fired c. Are not contingent upon conditional service under the plan d. Are defined by all of the above statementsWhat are the Conditions for Accrual of Paid Future Absences?
- Explain how to account for revenue on a long-term contract over time as opposed to at a point in time. Under what circumstances should revenue be recognized at the point in time a contract is completed?When is an estimated loss on a long-term contract recognized, both for contracts that recognize revenue over time and those that recognize revenue at the point in time the contract is completed?6. A liability for compensated absences such as vacations, for which it is expected that employees will be paid, should a. be accrued during the period when the compensated time is expected to be used by employees. b. not be accrued unless a written contractual obligation exists. c. be accrued during the period when earned. d. be accrued during the period following vesting.
- How much is the total amount of claims of berlin upon termination?If an insured fails to pay the premium when due, the insured's heallh policy will remain in force for a specified period of lime under which of lhe following provisions? A.Grace Period B.Waiver of Premium C.Guaranteed Insurability D.Entire ContractWhat does the term “end-of-period convention” mean? What does it not mean?
- Define the term End-of-Period Convention?Which of the following arises when the seller's right to consideration from a customer is conditional upon something other than the passage of time? A receivable A contract asset A contract liability None of these choicesThese are employee benefits (other than termination than termination benefits) which are payable after the completion of employment a. Short term b. Other long-term c. Share-based d. Post-employment