Meg works for Freedom Airlines in the accounts payable department. Meg and all other employees receive free

Question:

Meg works for Freedom Airlines in the department. Meg and all other employees receive free flight benefits (for the employee, family, and 10 free buddy passes for friends per year) as part of their employee benefits package. If Meg uses 30 flights with a value of $12,350 this year, how much must she include in her compensation this year?
Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...