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Which of the following accurately describes the accounting treatment of employee benefits under Accounting Standards Codification ( ASC 7 1 5 / IAS 1 9
"Which of the following accurately describes the accounting treatment of employee benefits under Accounting Standards Codification ASC IAS
A Employee benefits are expensed as they are paid out to employees.
B Employee benefits are recognized as a liability on the balance sheet and are expensed over the employees' service period.
C Employee benefits are only disclosed in the footnotes of financial statements and do not impact the balance sheet or income statement.
D Employee benefits are recognized as revenue when earned by employees and are expensed when paid out."
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