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1. Which of the following types of employee benefits required

Question : 1. Which of the following types of employee benefits required : 2102195

1. Which of the following types of employee benefits are required to be measured at their nominal value?

a. long service leave

b. defined benefit post-employment benefits

c. accumulating non-vesting sick leave

d. defined contribution employment benefits

2. Employee benefits can arise from which of the following?

I workplace agreements between an entity and its employees

II enterprise bargaining agreements between an entity and the relevant employee union

III government legislation

IV specific industry arrangements

a. I and II only

b. II, III and IV only

c. I, II and III only

d. I, II, III and IV

3. AASB 119 defines employee benefits as:

a. any cash consideration given by an entity to employees or their authorised representatives in exchange for services rendered by the employee

b. all forms of consideration given by an entity to employees or their authorised representatives in exchange for services rendered by the employee

c. all forms of consideration given by an entity in exchange for service rendered by employees

d. all forms of consideration given by an entity to employees or their authorised representatives

4. Which if the following is NOT an example of a short-term employee benefit?

a. wages and salaries

b. termination payments

c. bonuses and profit-sharing arrangements

d. short-term compensated benefits

5. Salary sacrificing refers to:

a. an employer withholding a portion of an employee’s salary or wages for sub-standard performance

b. an employee not receiving a portion of their salary and wages due to the fact that pre-determined performance targets have not been met

c. an employee foregoing some of their salary because leave entitlements such as sick leave have been exceeded

d. an employee electing to forego some of their salary or wages in return for other non-cash benefits

 

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