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Question 6 4/4 pts Starting 01-01-19, a company began awarding each of its 10 employees (assume they were all employed continuously through 2019 and
Question 6 4/4 pts Starting 01-01-19, a company began awarding each of its 10 employees (assume they were all employed continuously through 2019 and 2020) 15 days of paid vacation a year if they are employed at the end of the year. The vacation accumulates and may be taken starting January 1 of the next year. The employees work 8 hours per day. In 2019, they made $30 per hour and in 2020 they made $32 per hour. During 2020, each employee took an average of 12 vacation days. The company's policy is to record the liability existing at the end of each year at the wage rate in effect as of the end of the year. What amount of vacation liability will be reflected on the company's 2019 and 2020 balance sheets, respectively? $0, $38,400 $38,400, $46,080 $36,000, $38,400 $36,000, $46,080
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