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In a defined contribution plan,the employer effectively bears the risks associated with the movements in the value of the superannuation plan set up for its employees.

A) True
B) False

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In accounting for a defined benefit superannuation plan,explain how to determine the 'present value of a defined benefit obligation'.

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The present value of a defined benefit o...

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AASB 119 divides employee benefits into a number of categories,including:


A) terminations benefits.
B) payroll tax.
C) PAYG tax.
D) performance increments.

E) A) and C)
F) A) and B)

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Discuss the assumptions that must be made to determine the long-service leave liability at the end of the reporting period.

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To determine the long-service leave liab...

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