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The most important consideration in evaluating the fairness of the amounts accrued for vacation pay, sick pay, and other benefits is the Group of answer
The most important consideration in evaluating the fairness of the amounts accrued for vacation pay, sick pay, and other benefits is the
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actual expense incurred for the prior period.
amount expended to date in the current period.
profitability of the client which will enable these liabilities to be met.
consistent accrual of these liabilities relative to those of preceding periods.
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