In 2018, city employees earned $3.6million in vacation pay that they did not use during the year.
Fantastic news! We've Found the answer you've been seeking!
Question:
A) $0
B) $2.8 million
C) $3.4 million
D) $3.6 million
2) assuming the same fact above, the amount that the city should add to the liability account in the government-wide statement of net position as of year ended 2018 is:
A) $0
B) $2.8million
C)$3.4million
D)$3.6million
Related Book For
Intermediate Accounting
ISBN: 978-0324592375
17th Edition
Authors: James D. Stice, Earl K. Stice, Fred Skousen
Posted Date: