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29) During its first year of operations, a company granted employees vacation privileges and pension rights estimated at a cost of $25,231 and $14,319. The
29)
During its first year of operations, a company granted employees vacation privileges and pension rights estimated at a cost of $25,231 and $14,319. The vacat expected to be taken in the next year and the pension rights are expected to be paid in the future 5-30 years. What is the total cost of vacation pay and pensic be recognized in the first year? a. $14,319 Ob. $68,188 c. $39,550 d. $25,231Step by Step Solution
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