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While on a salary of $150 000,C.Cronk retired from Footballers R US after 35 years of service.He was entitled to 13 weeks accrued long service leave for every 15 years of service.How much long service leave pay was he entitled to on his retirement? He had not previously taken any long service leave.
Capitalization
The process of recording expenditure as an asset on the balance sheet rather than an expense, which is then amortized or depreciated over time.
Market Value
The existing market price for buying or selling an asset or service.
Cash Dividend
A distribution of a portion of a company's earnings, decided by the board of directors, paid to shareholders in cash.
Common Dividend Payable
Liabilities on a company's balance sheet representing the amount of dividends that are owed to shareholders on common stock.
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