Fundamentals of Advanced Accounting 5th Edition by Joe Ben Hoyle,Thomas Schaefer,Timothy Doupnik

Exercise 45

A teacher working for the City of Lights earns vacation pay of $2,000 during 2010. However, the vacation will not be taken until near the end of 2011. In the government-wide financial statements for 2010, how is this compensated absence reported How is this compensated absence reported in the fund-based financial statements for 2010