Question: 7.5. Which statement about paid vacation weeks that are earned in 2023 and taken in 2024 is WRONG? A. salary and wage expenses in 2023
7.5. Which statement about paid vacation weeks that are earned in 2023 and taken in 2024 is WRONG? A. salary and wage expenses in 2023 will increase. B. salary and wage expense in 2024 might increase. C. Liabilities on the 2023 year end balance sheet will increase. D. Liabilities on the 2024 year end balance sheet will increase. 7.6 A company had $100 million of X bonds payable due in 2024 . Prior to 12/31/2023, it refinanced $20 million of the X bonds with other bonds that mature in 2029 . On 1/15/2024, it refinanced another $34 million of the X bonds with others that mature in 2026. It issued its 2023 financial statements on 2/13/2024. On 2/17/2024, it refinanced another $5 million of the X bonds with others that mature in 2027. Its 2023 financial statements should show current liabilities (bonds payable) of A. $100 million B. $80 million C. $46 million D. \$41 million
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