Lack Corporation has a policy in which all full time employees that have unused vacation time may
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Lack Corporation has a policy in which all full time employees that have unused vacation time may\ carry over the unused vacation time into the next fiscal year. Lack Corporation is unsure if the\ company should include this unused vacation time in the current year or subsequent years financial\ statements. Lack Corporation estimates that the value of the unused vacation time is $250,000.\ a. What is the accounting issue?
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International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
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