During Its First Year of Operations, a Company Granted Employees

question 49

Multiple Choice

During its first year of operations, a company granted employees vacation privileges and pension rights estimated at a cost of $21,500 and $15,000. The vacations are expected to be taken in the next year and the pension rights are expected to be paid in the future 5-30 years. What is the total cost of vacation pay and pension rights to be recognized in the first year?

• A) $15,000
• B) $36,500
• C) $6,500
• D) $21,500

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Definitions:

Sense of Support

The perception or feeling that one is supported by others, especially in a social or emotional context.

Supervisory Support

Assistance and guidance provided by supervisors to their subordinates to help them perform their duties effectively.

Work Group

A collection of individuals who are assembled to perform activities that contribute towards achieving a common task or goal.

Role Model

An individual who serves as a good example for others to emulate, often inspiring or influencing someone's behavior and attitudes.