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In 2019, Wasser Company recorded a $208,000 liability for vacation pay that its employees had earned but not taken during the year. Employees received a
In 2019, Wasser Company recorded a $208,000 liability for vacation pay that its employees had earned but not taken during the year. Employees received a 5% raise in 2020. What amount does Wasser debit to the Liability - Compensated Future Absences account in 2020 when all of the 2019 vacation time is taken by employees
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