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49-Oman Gulf company calculated that the employees in the company are expected to give service worth RO 10,000 in the next three years. So the
49-Oman Gulf company calculated that the employees in the company are expected to give service worth RO 10,000 in the next three years. So the company valued its employees at RO 10,000. The valuation model followed by the company is
a.
Present value of future earnings approach
b.
Replacement cost approach
c.
Capitalization of historical cost approach
d.
Stochastic process with service rewards Approach
48-Companies do not incorporate human resource accounting in the financial statements because
a.
The life of the human resource is uncertain
b.
All of these options
c.
Accounting bodies do not recognize human beings as assets
d.
Tax laws do not recognize human beings as assets
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