Multiple Choice
Which of the following criteria is not required for the recognition of a liability for compensated absences under FASB ASC Topic 710?
A) The amount of the obligation must be estimable.
B) Payment of the obligation must be probable.
C) Payment of the obligation will require the use of current assets.
D) The compensation either vests with the employee or can be carried forward to subsequent years.
Correct Answer:
Verified
Correct Answer:
Verified
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