In Accounting for Compensated Absences, the Difference Between Vested Rights

Multiple Choice

In accounting for compensated absences, the difference between vested rights and accumulated rights is

A) vested rights are normally for a longer period of employment than are accumu?lated rights.
B) vested rights are not contingent upon an employee's future service.
C) vested rights are a legal and binding obligation on the company, whereas accumulated rights expire at the end of the accounting period in which they arose.
D) vested rights carry a stipulated dollar amount that is owed to the employee; accumulated rights do not represent monetary compensation.