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A motor unit consists of:
Partially Funded Pension Rights
Pension schemes where not all of the future pension obligations are covered by current assets and contributions, implying that some liability remains unfunded.
Pension Expense
The cost recognized in an accounting period related to the company's pension plan, including both the cash contributions and the change in pension obligation.
Vacation Pay Payable
Liabilities owed to employees for earned but unused vacation time, expected to be paid out in the future.
Vacation Pay Expense
The cost recognized by businesses for providing vacation benefits to employees, accounted for in the period employees earn the vacation time.
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