QUESTION 5 Which of the following is not a period of employment for long service leave purposes? Conditional OB. Apprenticeship OC. Preconditional D.Unconditional
QUESTION 6 AASB 119 specifies that the nominal value basis of measurement of liabilities arising from employee benefits must be applied to which of the following? ОА. Long service leave only ОВ. Long term employee benefits OC short term employee benefits OD. All employee benefits
QUESTION 7 Slater is entitled to 4 weeks annual leave a year with a leave loading of 17.5% and has four weeks leave, to the value of $22,000, accrued at the end of his first year of employment. On the first day of his second year of service, Slater is given a pay rise to bring his salary up to $300,000 per annum.
REQUIRED: After the pay rise, how much must Slater's annual leave payable be adjusted by? Round all calculations to the nearest whole dollar (i.e., no decimal places). Do not include commas and dollar sign ($) in your answer. Present $1,000 as 1000.
