Call Now to Set Up Tutoring:

(888) 888-0446

Create an account to track your scores
and create your own practice tests:

Create an Account Create a Practice Test

All Accounting Resources

7 Practice Tests Question of the Day Flashcards Learn by Concept

Want to review Accounting but don’t feel like sitting for a whole test at the moment? Varsity Tutors has you covered with thousands of different Accounting flashcards! Our Accounting flashcards allow you to practice with as few or as many questions as you like. Get some studying in now with our numerous Accounting flashcards.

Flashcards: Current Liabilities and Payroll Accounting

All of the following conditions except which of the following must be met in order for an employer to accrue liability for employee compensation for future absences?

The employer's obligation is related to employee's rights to receive compensation for future absences is attributable to the employee's services already rendered

The obligation relates to rights that vest or accumulate

Payment of the compensation is probable

The employer's obligation is related to employee's rights to receive compensation for previous absences is attributable to the employee's services already rendered

Report an Error Copyright Notice

Flashcards: Current Liabilities and Payroll Accounting

All of the following conditions except which of the following must be met in order for an employer to accrue liability for employee compensation for future absences?

Your answer:

The employer's obligation is related to employee's rights to receive compensation for future absences is attributable to the employee's services already rendered

Your answer:

The obligation relates to rights that vest or accumulate

Your answer:

Payment of the compensation is probable

Correct answer:

The employer's obligation is related to employee's rights to receive compensation for previous absences is attributable to the employee's services already rendered

Explanation:

In relation to compensated absences, the knowledge of the conditions that must be met in order to accrue loss contingency is helpful in accounting for compensated absences such as vacation, sick pay, and leave. In order for an employer to accrue liability for employee's compensation for future absences, several conditions must be met. These conditions include the following: the employer's obligation is related to employee's rights to receive compensation for future absences is attributable to the employee's services already rendered; the obligation relates to rights that vest or accumulate; payment of the compensation is probable; and the amount can be reasonably estimated.

Flashcards: Current Liabilities and Payroll Accounting

All of the following conditions except which of the following must be met in order for an employer to accrue liability for employee compensation for future absences?

The employer's obligation is related to employee's rights to receive compensation for previous absences is attributable to the employee's services already rendered

Payment of the compensation is probable

The obligation relates to rights that vest or accumulate

The employer's obligation is related to employee's rights to receive compensation for future absences is attributable to the employee's services already rendered

Report an Error Copyright Notice

Flashcards: Current Liabilities and Payroll Accounting

All of the following conditions except which of the following must be met in order for an employer to accrue liability for employee compensation for future absences?

Your answer:

Payment of the compensation is probable

Your answer:

The obligation relates to rights that vest or accumulate

Your answer:

The employer's obligation is related to employee's rights to receive compensation for future absences is attributable to the employee's services already rendered

Correct answer:

The employer's obligation is related to employee's rights to receive compensation for previous absences is attributable to the employee's services already rendered

Explanation:

DMCA Complaint

If you believe that content available by means of the Website (as defined in our Terms of Service) infringes one or more of your copyrights, please notify us by providing a written notice (“Infringement Notice”) containing the information described below to the designated agent listed below. If Varsity Tutors takes action in response to an Infringement Notice, it will make a good faith attempt to contact the party that made such content available by means of the most recent email address, if any, provided by such party to Varsity Tutors.

Your Infringement Notice may be forwarded to the party that made the content available or to third parties such as ChillingEffects.org.

Please be advised that you will be liable for damages (including costs and attorneys’ fees) if you materially misrepresent that a product or activity is infringing your copyrights. Thus, if you are not sure content located on or linked-to by the Website infringes your copyright, you should consider first contacting an attorney.

Please follow these steps to file a notice:

You must include the following:

A physical or electronic signature of the copyright owner or a person authorized to act on their behalf; An identification of the copyright claimed to have been infringed; A description of the nature and exact location of the content that you claim to infringe your copyright, in \ sufficient detail to permit Varsity Tutors to find and positively identify that content; for example we require a link to the specific question (not just the name of the question) that contains the content and a description of which specific portion of the question – an image, a link, the text, etc – your complaint refers to; Your name, address, telephone number and email address; and A statement by you: (a) that you believe in good faith that the use of the content that you claim to infringe your copyright is not authorized by law, or by the copyright owner or such owner’s agent; (b) that all of the information contained in your Infringement Notice is accurate, and (c) under penalty of perjury, that you are either the copyright owner or a person authorized to act on their behalf.

Send your complaint to our designated agent at:

Charles Cohn Varsity Tutors LLC
101 S. Hanley Rd, Suite 300
St. Louis, MO 63105

Or fill out the form below:

Do not fill in this field

Contact Information

* Full legal name

Company name

* Phone number

* Email address

Address

* Address1

Address2

* City

* State

* Zipcode

* Country

Complaint Details

* URL of copyrighted work (where your original material is located)

* Please describe the copyrighted work so that it may be easily identified

I am the owner, or an agent authorized to act on behalf of the owner of an exclusive right that is allegedly infringed.

I have a good faith belief that the use of the material in the manner complained of is not authorized by the copyright owner, its agent, or the law.

This notification is accurate.

I acknowledge that there may be adverse legal consequences for making false or bad faith allegations of copyright infringement by using this process.

* Signature (your digital signature is legally binding)

View Accounting Tutors

Abe
Certified Tutor

CUNY Brooklyn College, Bachelor of Science, Accounting and Business Management. CUNY Graduate School and University Center, M...

View Accounting Tutors

Gregory
Certified Tutor

Pennsylvania State University-Main Campus, Bachelor of Science, Chemical Engineering. Carnegie Mellon University, Doctor of P...

View Accounting Tutors

Steve
Certified Tutor

University of California-Los Angeles, Bachelor of Science, Economics. Loyola Marymount University, Masters in Business Admini...

Popular Subjects

Calculus Tutors in Dallas Fort Worth, Calculus Tutors in San Diego, English Tutors in Atlanta, GRE Tutors in San Francisco-Bay Area, Calculus Tutors in Washington DC, Math Tutors in Phoenix, GMAT Tutors in Los Angeles, Physics Tutors in Denver, Chemistry Tutors in Houston, Computer Science Tutors in Philadelphia

Popular Courses & Classes

ACT Courses & Classes in San Diego, SSAT Courses & Classes in Denver, GRE Courses & Classes in Boston, GMAT Courses & Classes in New York City, SSAT Courses & Classes in New York City, ISEE Courses & Classes in Atlanta, LSAT Courses & Classes in San Diego, ACT Courses & Classes in Washington DC, GMAT Courses & Classes in Denver, ACT Courses & Classes in Boston

Popular Test Prep

SAT Test Prep in Phoenix, SAT Test Prep in Boston, ISEE Test Prep in Houston, ISEE Test Prep in Chicago, MCAT Test Prep in Denver, GMAT Test Prep in New York City, GRE Test Prep in San Diego, GRE Test Prep in Miami, GMAT Test Prep in Dallas Fort Worth, SSAT Test Prep in Boston

HIGH SCHOOL

GRADUATE SCHOOL

K-8

Search 50+ Tests

math tutoring

science tutoring

foreign languages

elementary tutoring

other

Search 350+ Subjects

Create an account to track your scores
and create your own practice tests:

All Accounting Resources

Flashcards: Current Liabilities and Payroll Accounting

Flashcards: Current Liabilities and Payroll Accounting

Flashcards: Current Liabilities and Payroll Accounting

Flashcards: Current Liabilities and Payroll Accounting

Report an issue with this question

DMCA Complaint

Contact Information

Address

Complaint Details

Email address:
Your name:
Feedback:

HIGH SCHOOL

GRADUATE SCHOOL

K-8

Search 50+ Tests

math tutoring

science tutoring

foreign languages

elementary tutoring

other

Search 350+ Subjects

Create an account to track your scores and create your own practice tests:

All Accounting Resources

Flashcards: Current Liabilities and Payroll Accounting

Flashcards: Current Liabilities and Payroll Accounting

Flashcards: Current Liabilities and Payroll Accounting

Flashcards: Current Liabilities and Payroll Accounting

Report an issue with this question

DMCA Complaint

Contact Information

Address

Complaint Details

Create an account to track your scores
and create your own practice tests: