=+PE 11-6A Vacation pay and pension benefits obj. 4 EE 11-6 p. 503 Hobson Equipment Company provides
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=+PE 11-6A Vacation pay and pension benefits obj. 4 EE 11-6 p. 503 Hobson Equipment Company provides its employees vacation benefits and a defined benefit pension plan. Employees earned vacation pay of $20,000 for the period. The pension formula calculated a pension cost of $140,000. Only $106,000 was contributed to the pension plan administrator.
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