Question
A company operates a bonus scheme that pays a variable
lump-sum to employees annually, dependent on achieving an annual profit target and employees remaining employed at the payout date (2 months after year-end). The scheme is discretionary and not contractually promised. How should the company account for the bonus?Solution
For discretionary bonuses not contractually obligating the entity, liability is recognised only when there is a present legal or constructive obligation. If the entity retains discretion until after performance/retention is confirmed, no liability at year-end; expense when obligation crystallises.
Find out the error according to the grammar and context of the given sentences. If there is no error, mark option 5, i.e. No error. (Ignore the punctu...
The school would make (A)/headlines six years later, (B)/as the Governor called after (C)/the Arkansas National Guard to prevent its integration (D).
Directions: In each of the questions, a sentence has been divided into four parts, one of which may contain an error. Identify that fragment and mark i...
In the question below, a sentence is given, divided into five parts (A) , (B) , (C) , (D) and (E) . One of the parts is grammatically incorrec...
If you Have(1)/ come on time, (2)/we would not have (3)/lost the game .(4)
The dust risen like (A) / billowing clouds as the (B) / cab pulled up around (C) / the corner of 5th A Cross. (D) / No error (E)
Identify the segment that contains a grammatical error. If there is no error, select 'No error'.
Einstein was an unusual child with no indication...
There was renewed sense (A) / of supremacy in (B) / completing the project. (C) / No error (D)
In the following questions, a sentence is divided into four parts. Choose the part(s)Â of the sentence which may contain a grammatical error in it. If...
As the election hots up, the endorsement game is also intensified as well Hollywood celebrities using their platforms to support their preferred candida...