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A liability for compensated absences is recognized in the year in which it is earned by employees whenever a reasonable estimate can be made of

A liability for compensated absences is

recognized in the year in which it is earned by employees whenever a reasonable estimate can be made of amounts expected

to be paid out in the future.

accrued only if specific conditions are met.

never accrued but may be disclosed if desired.

disclosed in a note only.

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