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which of the follwoing is the reason that recording of compensated absences so important related to the proper disclosure of liabilities on the government-wide statements?
which of the follwoing is the reason that recording of compensated absences so important related to the proper disclosure
of liabilities on the government-wide statements?
a. That is GAAP
b. That is GASB.
c. Compensated absences could indicate that salary expense is properly
recorded as an accrual because the jurisdiction could either have sick pay or
vacation pay that has not been used.
d. Compensated absences will properly affect a reduction in the combined
fund balances.
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