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A company signs a two-year employment agreement with its new president. Explain why this action does not trigger the recording of a liability equal to

A company signs a two-year employment agreement with its new president. Explain why this action does not trigger the recording of a liability equal to two years of salary promised in the contract?
If you were designing a cost accounting system (to be used primarily for billing purposes) for a large law firm, what would you choose as an overhead vehicle? Can you think of any alternative vehicles?

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