Employees demand financial statement information because the firms performance is often linked to all of the following except:

Multiple Choice

• negotiated wage increases in union contracts.

• pension plan benefits.

• employee profit sharing.

• social security benefits.

Consistent with IFRS No. 7, the fair value must be disclosed for receivables and loans with the following characteristics:

Multiple Choice

• short-term maturity

• All of these choices are correct

• long-term maturity

• recognized at amortized cost