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    Business
  3. Study Set
    Fundamental Accounting Principles
  4. Exam
    Exam 10: Payroll Liabilities
  5. Question
    To Account for Vacation Pay, an Employer Should Estimate the Amount
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To Account for Vacation Pay, an Employer Should Estimate the Amount

Question 26

Question 26

True/False

To account for vacation pay, an employer should estimate the amount to be paid and record it as an expense of the weeks during which the employees are working and earning the vacation time.

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