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The following information pertains to Rik Co.'s two employees: Name Weekly salary Number of weeks worked in 2005 Vacation rights vest or accumulate Ryan $800
The following information pertains to Rik Co.'s two employees: Name Weekly salary Number of weeks worked in 2005 Vacation rights vest or accumulate Ryan $800 52 Yes Todd 600 52 No Neither Ryan nor Todd took the usual two-week vacation in 2005. In Rik's December 31, 2005, financial statements, what amount of vacation expense and liability should be reported?
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