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    Government and Not for Profit Accounting Study Set 2
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    Exam 5: Recognizing Expenditures in Governmental Funds
  5. Question
    Compensated Absences, Such as Vacation Pay and Sick Leave, Should
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Compensated Absences, Such as Vacation Pay and Sick Leave, Should

Question 56

Question 56

True/False

Compensated absences, such as vacation pay and sick leave, should be accounted for on the accrual basis in governmental funds.

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