B Corp Has an Employee Benefit Plan for Compensated Absences That

question 33

Multiple Choice

B Corp. has an employee benefit plan for compensated absences that gives each employee 10 paid vacation days and 10 paid sick days. Both vacation and sick days can be carried over indefinitely. Employees can elect to receive payment in lieu of vacation days; however, no payment is given for sick days not taken. At December 31, 2013, B's unadjusted balance of liability for compensated absences was $42,000. B estimated that there were 300 total vacation days and 150 sick days available at December 31, 2013. B's employees earn an average of $200 per day. In its December 31, 2013, balance sheet, what amount of liability for compensated absences is B required to report?

• A)$60,000.
• B)$84,000.
• C)$90,000.
• D)$144,000.

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Definitions:

Genes

Units of heredity made up of DNA that are responsible for determining the characteristics of organisms and are passed from parents to offspring.

Prop Roots

Supporting roots that grow above ground from the lower part of the stem, providing additional stability to certain plants.

Contractile Roots

Contractile roots are specialized plant roots that contract and pull the plant deeper into the soil, helping to adjust the plant’s depth in the soil for optimal growth.

Pneumatophores

Specialized aerial roots found in certain plants like mangroves that facilitate gas exchange in waterlogged environments.