3410: Interm. Financial Acct II (A10) Provide brief and concise short answers of one or two sentences for each of the following two questions. (2 marks each) 1. Assume you recently started working in the accounting department of a fairly large company that has a 65 year history of business in Western Canada. You are delighted to discover that this company does not do deferred/future taxes. What kind of company is this and what is a benefit of recording deferred/future taxes? Briefly describe what kind of company is this and briefly explain a benefit of recording deferred/future taxes. 2. How does the accounting for vested benefits like vacation days generally differ from non-vested benefits like sick days? Briefly explain in a sentence or two. F TI 7 A - B I E ere to search O n 1 S 96 & ( E 6 8 3 VA E