Which of the following gives rise to the requirement to accrue a liability for the cost of compensated absences?
A) Payment is probable.
B) Employee rights vest or accumulate.
C) Amount can be reasonably estimated.
D) All of these answers are correct.

Question

Quizplus · Accepted Answer

All of these answers are correct. Accrual of a liability for the cost of compensated absences is required when payment is probable, employee rights vest or accumulate, and the amount can be reasonably estimated.

Which of the Following Gives Rise to the Requirement to Accrue