Use the Following Information to Answer Questions Sick Leave Vests

question 10

Multiple Choice

Use the following information to answer Questions Sick leave vests at the completion of the fifth year of employment, and unused sick leave is paid in cash upon termination or retirement. During the fiscal year ended 6/30/18, city employees who are paid from the general fund earned $2.8 million of sick leave, of which $1.0 was taken. Of the balance, the city estimates that $0.2 million will be taken in the next 60 days, $0.6 million will be taken in the next five years, $0.4 million will vest, and $0.6 million will never be taken.
-The amount of sick leave expense that should appear on the government-wide financial statements for the fiscal year ended 6/30/18 is

• A) $2.8 million.
• B) $2.6 million.
• C) $1.2 million.
• D) $1.4 million.

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Definitions:

Aerobic Respiration

The process by which cells break down sugars and fats with oxygen to produce carbon dioxide, water, and energy.

Mitochondria

Organelles found in the cytoplasm of most cells, involved in energy production through the process of oxidative phosphorylation.

In-service Training

Training provided to employees during their tenure at an organization to improve their skills and knowledge.

Staff Development

The process of improving the skills, competencies, and knowledge of staff members through various forms of training and educational opportunities.