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Please discuss the following three questions: 1. Why are deductions from employees' earnings classfieild as liabilties for the employer? 2. To matach rrevenues and expenses
Please discuss the following three questions:
1. Why are deductions from employees' earnings classfieild as liabilties for the employer?
2. To matach rrevenues and expenses properly, should the expense for employee vacation pay be recorded in the period during which the vacation privilege is earned or during the period in which the vacation is taken?
3. When should the liabilities associated with a product warranty be recorded?
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