! Required information [The following information applies to the questions displayed below.] Cates Computing Systems develops and markets commercial software for personal computers and workstations. Three situations involving compensation for possible future absences of Cates's employees are described below. a. Cates compensates employees at their regular pay rate for time absent for military leave, maternity leave, and jury time. Employees are allowed predetermined absence periods for each type of absence. b. Members of the new product development team are eligible for three months' paid sabbatical leave every four years. Five members of the team have just completed their fourth year of participation. c. Company policy permits employees four paid sick days each year. Unused sick days can accumulate and can be carried forward to future years. Required: 1. Choose the true statements regarding conditions that require accrual of an expense and related liability for employees' compensation for future absences. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer.) The paid absence can be taken in a later yearthe benefit vests (will be compensated even if employment is terminated) or the benefit can be accumulated over time Payment is assured. The obligation is attributable to employees' services already performed. The amount can be reasonably estimated. Required information (The following information applies to the questions displayed below.) Cates Computing Systems develops and markets commercial software for personal computers and workstations. Three situations involving compensation for possible future absences of Cates's employees are described below. a. Cates compensates employees at their regular pay rate for time absent for military leave, maternity leave, and jury time. Employees are allowed predetermined absence periods for each type of absence. b. Members of the new product development team are eligible for three months' paid sabbatical leave every four years. Five members of the team have just completed their fourth year of participation. c. Company policy permits employees four paid sick days each year. Unused sick days can accumulate and can be carried forward to future years. 2. For each of the three situations, indicate the circumstances under which accrual of an expense and related liability is warranted