Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 5 1 points Save Answer Al Khor Company has 500 employees. Company policy states that employees can take up to 2 weeks paid vacation

image text in transcribed
Question 5 1 points Save Answer Al Khor Company has 500 employees. Company policy states that employees can take up to 2 weeks paid vacation during the year. The pay rate per week is QAR 4,000. Vacations that are not taken during the current year can be taken in the following year. The company prefers that all vacations be taken during the month of December. At the end of December 2019, company records show that 250 employees took the 2-week vacation while 80 employees took only 1-week vacation. The compant paid the amounts for December 2019 and recorded the amounts of the unpaid vacations, which will be taken in the following year. How much the amount of "Liability - Compensated future absence" that Al Khor Company should report? A QAR 2,320,000 B. QAR 1.680.000, C. QAR 2,080,000. D.QAR 880,000

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

Step: 3

blur-text-image

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

Business Of Sport Management

Authors: John Beech, Simon Chadwick

2nd Edition

027372133X, 9780273721338

More Books

Students also viewed these Accounting questions

Question

Identify and discuss learning style differences across cultures

Answered: 1 week ago