Answered step by step
Verified Expert Solution
Link Copied!
Question
1 Approved Answer

Company A X1 was established at the beginning of the year and has 200 employees throughout the year. Pay leave, unusers can be deferred to

Company A X1 was established at the beginning of the year and has 200 employees throughout the year. Pay leave, unusers can be deferred to the next year, but the deferred period is only limited to one year, overdue If it is not used, it will be deemed to have given up; if the employee resigns, it will give up the accumulated leave. When employees are on vacation, The number of days without leave in the previous year should be deducted first, and the number of days available for leave in the current year should be deducted second. X1 years Degree Each employee has taken 5 days of leave. Company A estimates that the leave situation for X2 employees is: 40% of employees Leave for 6 days, 30% of employees take 2 days of leave, 25% of employees take 1 day of leave, and the other 5% of employees take time off before taking leave. Has resigned. If the daily salary of each employee is $750, company A should recognize the employees' leave at the end of X1. What is the liability for false benefits? (A) $329,000 (B) $381,600 (C) $307,500 (D) $462,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image
Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting Theory

Authors: Ahmed Raihi-Belkaoui

5th Edition

1844800296, 978-1844800292

More Books

Students explore these related Accounting questions

Question

3. Use the childs name.

Answered: 3 weeks ago