Which of the following is not one of the liability reporting criteria for post-employment benefits?
A. The obligation depends on whether the individual continues to be available for questions and assistance after employment ceases.
B. The amount of the obligation can be reasonably estimated.
C. The obligation relates to rights that vest or accumulate.
D. The payment of the compensation is probable.
Answer:A
Choice "A" is correct. Rule: All four of the following must be met in order to meet the reporting requirements for post-employment benefits:
1. The employer's obligation relating to the employees' rights to receive compensation for future absences is attributable to services already rendered.
2. The obligation relates to rights that vest or accumulate.
3. Payment of the compensation is probable.
4. The amount can be reasonably estimated.
Choices "B", "C", and "D" are incorrect, per the above rule.