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Tryst,Inc.has a policy of accruing $2,400 for every employee as a vacation benefit.Sarah,an employee,took a vacation.Which of the following is the correct journal entry for the vacation benefit paid?
Profits
The financial gain obtained after subtracting all expenses, costs, and taxes from revenue.
Low-profit Limited Liability Companies
Business entities that blend nonprofit and for-profit elements, focusing on social goals while being able to generate profit.
Legislation
Laws or statutes enacted by a government's legislative body.
Limited Partnership Agreement
A contract among partners in which some are liable only up to the amount of their investments while others are fully liable.
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