Which of the following is incorrect in relation to termination benefits? A benefit resulting from termination of employment at the request of an employee without an entity offer is not a termination benefit. A benefit that is in any way dependent on providing service in the future is a termination benefit. A benefit resulting from mandatory retirement is a postemployment benefit rather than a termination benefit. The event that gives rise to an obligation for termination benefits is the termination of employment.
Which of the following is incorrect in relation to termination benefits? A benefit resulting from termination of employment at the request of an employee without an entity offer is not a termination benefit. A benefit that is in any way dependent on providing service in the future is a termination benefit. A benefit resulting from mandatory retirement is a postemployment benefit rather than a termination benefit. The event that gives rise to an obligation for termination benefits is the termination of employment.
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter19: Accounting For Post Retirement Benefits
Section: Chapter Questions
Problem 10MC
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Which of the following is incorrect in relation to termination benefits?
- A benefit resulting from termination of employment at the request of an employee without an entity offer is not a termination benefit.
- A benefit that is in any way dependent on providing service in the future is a termination benefit.
- A benefit resulting from mandatory retirement is a postemployment benefit rather than a termination benefit.
- The event that gives rise to an obligation for termination benefits is the termination of employment.
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