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Bernal Company Laid Off 10 Employees During the Month of May

Question 14

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Bernal Company laid off 10 employees during the month of May. Bernal has determined that the postemployment cost of laying off these 10 employees will be a total of $120,000. What journal entry should Bernal make to record the termination of these employees?


A)
Bernal Company laid off 10 employees during the month of May. Bernal has determined that the postemployment cost of laying off these 10 employees will be a total of $120,000. What journal entry should Bernal make to record the termination of these employees? A) B) C) D) No journal entry should be made
B)
Bernal Company laid off 10 employees during the month of May. Bernal has determined that the postemployment cost of laying off these 10 employees will be a total of $120,000. What journal entry should Bernal make to record the termination of these employees? A) B) C) D) No journal entry should be made
C)
Bernal Company laid off 10 employees during the month of May. Bernal has determined that the postemployment cost of laying off these 10 employees will be a total of $120,000. What journal entry should Bernal make to record the termination of these employees? A) B) C) D) No journal entry should be made
D) No journal entry should be made

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