Amount of vacation benefit expense, Accounting Basics

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Amount of vacation benefit expense

Employees earn vacation pay at the rate of one day per month. During 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 for the month of July?

A. $25

B. $100

C. $1,200

D. $2,500

E. $30,000

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Accounting Basics: Amount of vacation benefit expense

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Accounting Basics: Amount of vacation benefit expense

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Ask an Expert for Answer!!

Accounting Basics: Amount of vacation benefit expense

Reference No:- TGS0522114

Recent Questions Asked Accounting Basics

Q : Not-for-profits account for investments

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