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During its first year of operations, a company granted its employees vacation privileges and pension rights estimated at a cost of $24,226 and $11,279, respectively.
During its first year of operations, a company granted its employees vacation privileges and pension rights estimated at a cost of $24,226 and $11,279, respectively. The vacations are expected to be taken in the next year, and the pension rights are expected to be paid in the future 5-30 years. What is the total cost of vacation pay and pension rights to be recognized in the first year?
a.$24,226
b.$35,505
c.$11,279
d.$58,063
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