Multiple Choice
Employees earn vacation pay at the rate of one day per month. During the month of July, 25 employees qualify for one vacation day each. Their average daily wage is $100 per day. What is the amount of vacation benefit expense to be recorded for the month of July?
A) $25,000
B) $250
C) $2,500
D) $25
E) $100
Correct Answer:
Verified
Correct Answer:
Verified
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