Question: A liability for compensated absences is disclosed in a note only. recognized in the year in which it is earned by employees whenever a reasonable

A liability for compensated absences is
disclosed in a note only.
recognized in the year in which it is earned by employees whenever a reasonable estimate can be made of
amounts expected to be paid out in the future.
accrued only if specific conditions are met.
never accrued but may be disclosed if desired.
A liability for compensated absences is disclosed in a note only.

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