Which of the Following Statements Relating to Employee Benefits Is

Multiple Choice

Which of the following statements relating to employee benefits is incorrect?

A) Long-term employee benefits are recorded at their recoverable amount.
B) Employee benefits are defined as all forms of consideration given by an entity in exchange for services rendered by employees.
C) If an employee benefit meets the Conceptual Framework's definition of a liability, then it is recognised as a liability; if it meets the definition of an expense, then it is recognised as an expense.
D) Wages and salaries, annual leave and sick leave are recorded at their nominal amounts.