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H3Ko H3Ko
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7 years ago
Which of the following statements regarding vacation benefits is correct?
A) Health and pension benefits are recorded in the same manner as vacation benefits.
B) When an employee takes paid vacation, the account, Vacation Benefits Payable is credited.
C) The account, Vacation Expense is debited when the employee takes paid vacation.
D) No entry is needed until the employee takes paid vacation.
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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TanksTanks
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#1
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7 years ago
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H3Ko Author
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#2
7 years ago
I posted this question a while back then forgot to check the forum lol Thanks for answering, you were right
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#3
4 years ago
Thank you
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#4
4 years ago
Thanks!
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