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Exam International Financial Reporting Standards for Compensation Professionals
Number T7
File Name WorldatWork.T7.NewDumps.2018-07-24.49q.tqb
Size 153 KB
Posted Jul 24, 2018
Download WorldatWork.T7.NewDumps.2018-07-24.49q.tqb

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Demo Questions

Question 1

An offer of redundancy is an example of which kind of employee benefits?


  1. Short-term benefits
  2. Post-employment benefits
  3. Termination benefits
  4. Long-term benefits
Correct answer: C



Question 2

When the quality of information confirms users’ earlier expectations, which characteristic is being represented?


  1. Verifiability
  2. Predictive value
  3. Confirmatory value
  4. Faithful representation
Correct answer: C



Question 3

When an employee has provided service in exchange for benefits to be paid in the future, what is it considered in accounting terms?


  1. The employee value proposition
  2. A long term benefit
  3. A noncurrent expense
  4. A liability
Correct answer: D









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