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sit 4 Current Liabilities and Contingen Length: 40 questions Scored out of 40 Points emaining minutes SAVE PROGRESS been saved Previous Multiple Choice Select the

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sit 4 Current Liabilities and Contingen Length: 40 questions Scored out of 40 Points emaining minutes SAVE PROGRESS been saved Previous Multiple Choice Select the best Answer A company gives each of its 75 employees (assume they were all employed continuously through 2017 and 2018) 12 days of vacation a vear 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 I work 8 hours per day. In 2017, they made $21 per hour and in 2018 they made $24 per hour During 2018 they took an average of 9 days of vacation each. The company's policy is to record the liability existing at the end of each year at the wage rate for that year. What amount of Nadation liability would be reflected on the 2017 and 2018 balance sheets, respectively? 15200 sit 4 Current Liabilities and Contingen Length: 40 questions Scored out of 40 Points emaining minutes SAVE PROGRESS been saved Previous Multiple Choice Select the best Answer A company gives each of its 75 employees (assume they were all employed continuously through 2017 and 2018) 12 days of vacation a vear 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 I work 8 hours per day. In 2017, they made $21 per hour and in 2018 they made $24 per hour During 2018 they took an average of 9 days of vacation each. The company's policy is to record the liability existing at the end of each year at the wage rate for that year. What amount of Nadation liability would be reflected on the 2017 and 2018 balance sheets, respectively? 15200

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