Because of the Uncertainties Involved in Making Future Predictions,AASB 119

Multiple Choice

Because of the uncertainties involved in making future predictions,AASB 119 requires:

A) that the long-service leave estimate be based on the level of salary paid to employees at the time the entitlement was earned.
B) that there is no consideration given to future inflation rates or promotion prospects of employees.
C) that the discount rate used be based on the rates offered by high quality corporate bonds.
D) that market-adjusted expected cash flows be discounted at the risk-adjusted rate.