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. A government permits its employees to accumulate all unused vacation days and sick leave. Whereas (in accord with current standards) it may have to

. A government permits its employees to accumulate

all unused vacation days and sick leave. Whereas (in

accord with current standards) it may have to book

a liability for the unused vacation days, it may not

have to record an obligation for the unused sick leave.

Explain and justify the applicable standards.

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