4. Your company has 50 employees who receive 28 vacation days per year. They work 8...
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4. Your company has 50 employees who receive 28 vacation days per year. They work 8 hour days and make $20 per hour. Vacation days not taken are carried over to the next year. Here are the days earned and taken in 2019: Employees Days earned and not taken Carryover days 10 20 7 140 20 5 100 = 50 = 240 %3D %3D a. Record vacation taken in 2019 b. Estimate and record the liability for compensated absences Record vacation actually taken if 100,000 was the actual cost C. 4. Your company has 50 employees who receive 28 vacation days per year. They work 8 hour days and make $20 per hour. Vacation days not taken are carried over to the next year. Here are the days earned and taken in 2019: Employees Days earned and not taken Carryover days 10 20 7 140 20 5 100 = 50 = 240 %3D %3D a. Record vacation taken in 2019 b. Estimate and record the liability for compensated absences Record vacation actually taken if 100,000 was the actual cost C.
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Related Book For
Construction accounting and financial management
ISBN: 978-0135017111
2nd Edition
Authors: Steven j. Peterson
Posted Date:
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