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Explain between vesting versus non-vesting sick leave

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Reference no: EM132573522

Assume that you work as an accountant for a newly formed company called Newcastle Pty Ltd. This company is formulating its policies in terms of employee benefits. The company would like to offer employees payment for any accumulated unused sick leave if they resign from the company.

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Question 1: Explain the difference between vesting versus non-vesting sick leave. Advise to your company how sick leave entitlements should be reported in its financial statements when they are vesting versus non-vesting.

Reference no: EM132573522

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