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Employee Benefits Accounting Quiz
5 Questions
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Employee Benefits Accounting Quiz

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@SensibleAlmandine

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Questions and Answers

Which of the following is an example of short-term employee benefits?

  • Stock options
  • Wages and salaries (correct)
  • Healthcare benefits
  • Pension benefits

    • What is the nature of termination benefits?

  • Consideration for service rendered by employees
  • Given in exchange for the termination of employment (correct)
  • Post-employment benefits
  • Benefits expected to be settled wholly before 12 months

    • Which category do defined contribution plans and defined benefit plans fall under?

  • Termination benefits
  • Other long-term employee benefits
  • Post-employment benefits (correct)
  • Short-term employee benefits

    • What is the timeframe for settling short-term employee benefits?

    <p>Before 12 months after the end of the annual reporting period</p> Signup and view all the answers

    Which of the following is not a category of employee benefits?

    <p>Defined contribution plans</p> Signup and view all the answers

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